Listed by Henkle Schueler & Associates
$1,059,000
3970 North Bend Road
Details
APN 551-0003-0417-00
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 16,500
Net Rentable (SqFt) 16,500
Units 1
Cap Rate 4.85%
NOI $51,368
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 17.4
Lease Expiration 12/30/2028
Remaining Term 2.6
Lease Options N/A
Price per SqFt $64
Broker Co-Op Yes
Year Built 1959
Stories 1
Acreage 1.420
Zoning commercial
Investment Type Owner/User
Lease Commencement 07/31/2011
Sale Condition For sale by owner
Retail | 4.85% CAP | 16,500 SqFt
Marketing description
For Sale
Investment highlights
- 16,500 SF - 100% Leased
- New Roof installed November 2025
- Former IGA Grocery Store and current Tenant is Habitat for Humanity Resell Store
- Leased through 12/31/28 at $75,000 year gross ($6,252.29 mth)
- Lease expires 12/31/28 - no options
- Potential for owner/user
- There is an option for Landlord (or Tenant) to give notice to terminate the lease effective on 12/31/25 or any time after with at least 120 days prior notice
- Tenant may possibly extend the current lease
- Owner responsible for taxes, insurance and maintenance, roof and “exterior” walls & structure.
- Tenant pays trash, utilities and Maintenance on HVAC units
- 100% Sprinkled throughout
- 100% HVAC
- One Dock
- Please do not disturb Tenant or employees.
- For sale: $1,059,000 ($64.18 PSF)
Listing Contacts
Listed by Henkle Schueler & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,368.00
$4,280.67/mo
Valuation Metrics
0
DSCR
4.85%
Cap Rate
4.85%
ROI
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