Listed by BLD Real Estate
$2,100,000
Valvoline Instant Oil Change
Details
APN 139-09-550
Property Type Retail
Sub Type Auto Shop
Square Footage 1,917
Cap Rate 4.32%
NOI $90,750
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2036
Remaining Term 9.5
Rent Bumps Yes
Lease Options 3
Price per SqFt $1,095
Broker Co-Op Yes
Year Built 2022
Buildings 1
Lot Size (SqFt) 29,693
Zoning LC
Parking Spaces 33 spaces
Parking per 1,000 SqFt 17.21
Investment Type Institutional
Lease Commencement 01/30/2021
Occupancy Date 01/30/2021
Ground Lease No
Retail | 4.32% CAP | 1,917 SqFt
Marketing description
Absolute Triple Net ground lease with an institutional grade tenant on a building constructed in 2022. With 10 years of initial lease term remaining, this is a perfect fit for an investor seeking quality and stability.
Listing Contacts
Listed by BLD Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,750.00
$7,562.50/mo
Valuation Metrics
0
DSCR
4.32%
Cap Rate
4.32%
ROI
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