Listed by Berkshire Hathaway HomeServices California Realty & Perrie Mundy Realty Group
$215,000
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Details
Property Type Retail
Sub Type Storefront
Square Footage 2,965
NOI $74,000
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 5
Lease Expiration 11/30/2029
Remaining Term 4
Rent Bumps Yes
Lease Options 1 five year option
Investment Type Owner/User
Lease Commencement 08/31/1994
Occupancy Date 01/19/2025
Ground Lease No
Retail | 2,965 SqFt
Marketing description
DO NOT CONTACT BUSINESS OPERATOR. CALL THE LISTING AGENT AT 951-264-8131. THIS IS A BUSINESS LISTING ONLY. NO LAND OR BUILDINGS ARE INCLUDED.
Investment highlights
This is a business only !!! No property is involved. The business is on a lease that runs through November 30, 2029. The Tenant has a lease renewal option for 5 years. The rent is currently at $2,555 per month and is increased by 2% annually.
Listing Contacts
Listed by Berkshire Hathaway HomeServices California Realty & Perrie Mundy Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,000.00
$6,166.67/mo
Valuation Metrics
0
DSCR
34.42%
Cap Rate
34.42%
ROI
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