Cap Rate
6.50%
Term Remaining
±10.3 YRS
NOI
$140,000
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Long-Term Automotive Use – Since 1984
- Recent Backfill – ±$250k in tenant improvements recently invested into the building.
- NN+ Lease with Limited LL Responsibilities – Recent upgrades include a roof, façade, and more.
- Corporate Lease- Oil Changes is an actively expanding national quick lube chain with 180+ locations.
- Rent Increases – 10% increases every 5 years provide an effective hedge against inflation
- Strong Demographics – ±167,000 population in a 3-mi radius.
- Tax Benefits – Auto service properties may be eligible for an accelerated depreciation schedule*
- E-commerce & Recession-Proof Investment – The quick lube sector is not heavily affected by changes in the economy
- Retail Synergy – The neighboring 7-Eleven is ranked 2nd in the city for foot traffic (AlphaMap).
- ±11 Miles from Downtown Sacramento.
Broker of Record
- David Harrington
- License No. 01320460 (CA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245