Listed by Campbell Commercial Real Estate
$999,300
651-655 W. 7th Avenue
Details
APN 17-03-31-21-10400
Property Type Retail
Sub Type Storefront
Square Footage 4,680
Cap Rate 5.00%
NOI $59,730
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 10.5
Remaining Term 5
Lease Options 2-5 year
Price per SqFt $255
Year Built 1980
Acreage 0.250
Zoning C-2 (Community Commercial)
Parking Spaces 16 spaces
Parking Per SqFt 3.42
Retail | 5.00% CAP | 4,680 SqFt
Marketing description
Investment Property Stand-alone Retail Building For Sale
Investment highlights
- 4,680 Sf Stand-alone Building
- Excellent Income Property With Long Term Tenant (New 10 Year Lease)
- High Visibility and Traffic Counts (Over 35,000 Vehicles Daily)
- Easy Access to I-105
- Construction Type Wood Frame With New Siding in 2019
- Property Tax (After 3% Discount) $7,244.81
- Lease Term: 10 Years and 6 Months
- Renewal Options: 2-5 Year
- Tenant Improvement Allowance: $74,688 (in Rent Abatement)
- Tenant Pays: Utilities and Maintenance of the Interior/exterior of the Property
- Expenses: Land Lord Pays Property Tax, Insurance, Structural Maintenance
- Annual Rental Income: $74,688
- Seller Guarantee: the Balance of Rent Abatement to Buyer at Closing
Listing Contacts
Listed by Campbell Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$59,730.35
$4,977.53/mo
Valuation Metrics
0
DSCR
5.98%
Cap Rate
5.98%
ROI
Map
Zoning
C-2 CommercialNeighborhood CommercialCommunity Commercial
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View all 159 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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