Listed by Panorama Commercial Group
$3,500,000
4255-65 South Santa Fe Drive
Details
Property Type Retail
Sub Type Storefront, Street Retail
Square Footage 4,900
Units 1
Cap Rate 0.54%
NOI $226,800
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/30/2027
Remaining Term 3.2
Rent Bumps Yes
Lease Options Options that could extend until 2042
Price per SqFt $714
Broker Co-Op Yes
Year Built 1940
Stories 1
Acreage 0.780
Zoning BUS-1
Investment Type Core
Sale Condition 1031 exchange
Very stabilized tenant - several options to extend
Marketing description
The subject property has a 4,900 sf retail building with a lease in place through Oct 31, 2027, with options that could be extended until 2042. The adjoining 1.17 ac is also available for sale for $1,750,000
Fronting Santa Fe Rd between Oxford and Quincy
Investment highlights
- Stable investment
- 10% increase in rates every option period
- Current tenant has been in the property since 2007
- Lot 2 has $2,100/mo from the m-t-m tenant leasing a portion of the parking lot
- Monument Sign
- Ample Parking
Listing Contacts
Listed by Panorama Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$226,800.00
$18,900.00/mo
Valuation Metrics
0
DSCR
6.48%
Cap Rate
6.48%
ROI
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Property History
Tax History
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