Listed by Entheos Commercial Realty LLC
$1,685,000
Costa Oil NNN
Details
APN 263580030
Property Type Retail
Sub Type Auto Shop
Square Footage 4,141
Net Rentable (SqFt) 4,141
Units 1
Cap Rate 6.65%
NOI $112,088
Occupancy 100%
Tenancy Single
Brand/Tenant Costa Oil
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options 3 five year options
Year Built 2003
Buildings 1
Stories 1
Acreage 0.990
Parking Spaces 15 spaces
Parking Per SqFt 3.62
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/01/2024
Occupancy Date 10/01/2024
Ownership Fee Simple
Sale Condition For sale by owner
NNN Lease-14 years left-100% Bonus Depreciation
Marketing description
Absolute NNN deal with one of the fastest growing brands in the quick-lube industry-Costa Oil. www.costaoils.com. 14 years left on the base term. Tenant has 3 five year renewal options. 2% annual increases in base rent. Property is an out lot to Target.
Investment highlights
Absolute NNN
No LL responsibilities
14 years left on base term
Qualifies for Bonus Depreciation (100% on qualified property year 1)-talk to your CPA
Listing Contacts
Listed by Entheos Commercial Realty LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,088.00
$9,340.67/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
