Cap Rate
6.75%
Gross SQFT
2,400
Year Built
2022
Term Remaining
±10 Yrs
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Brand new 2022 retrofit, which will be completed in December
- Renovations include a new roof, parking lot, and HVAC system
- 10-Year corporate NNN lease (rent commencement date of 12/2022)
- Attractive 10% rent increase in year 6 of the base term and both option periods (cap rate will increase to 6.87%, assuming a purchase at list price)
- Average household income of $70,000 annually
- Local retail tenants include McDonald’s, Dollar General, Napa Auto Parts, Dairy Queen, O’Reilly Auto, Family Dollar, Walgreens, Advance Auto Parts, and more
Broker of Record
- Kyle Matthews
- License No. 67120 (GA)
- (866) 889-0550
- Matthews Retail Group, Inc.
- 2321 Rosecrans Ave.,
Suite 1225 El Segundo, CA 90245