Listed by SRS National Net Lease Group, SRS Real Estate Partners Newport Beach
$1,931,000
Staples
Details
APN 10-031-010-05
Property Type Retail
Sub Type Storefront
Square Footage 20,000
Cap Rate 7.25%
NOI $140,000
Tenancy Single
Brand/Tenant Staples
Lease Type NNN
Lease Term 36
Lease Expiration 09/29/2031
Remaining Term 5.2
Year Built 1995
Acreage 3.330
Zoning Regional Commercial District (RC)
Parking Spaces 92 spaces
Parking per 1,000 SqFt 4.60
Investment Type Net Lease
Lease Commencement 09/30/1995
Ownership Fee Simple (Land & Building Ownership)
Retail | 7.25% CAP | 20,000 SqFt
Investment highlights
Recent 5-Year Lease Extension | No Renewal Options | RC Zoning | Brand New HVACs | 2024 Parking Lot Replacement
Prime Retail Corridor | Outparcel To Walmart-Anchored Center
Proximity To I-94 (47,400 VPD) & M-66/I-194 (20,600 VPD)
Residential Base | Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS National Net Lease Group, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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