Holt Medical Plaza
INCOME GENERATING INVESTMENT | MINIMAL LANDLORD RESPONSIBILITY | NNN LEASES
Marketing description
INCOME GENERATING INVESTMENT MEDICAL / RETAIL CENTER WITH MINIMAL LANDLORD RESPONSIBILITY - NNN LEASES - MEDICAL USE TENANTS, a RETAIL property conveniently located in Montclair, CA. Acreage Real Estate is pleased to offer for sale the fully leased Holt Medical Plaza. The center is currently 100% occupied with long-term leases to Tenants such as Health Service Alliance, a federally qualified health center (FQHC).
Offering a compelling combination of strong in-place cash flow, clear upside through continued rent growth with an average of 3-4% annual base rent increases, and strong triple-net (NNN) leases that insure expense pass-throughs, this is the ideal investment for a prudent investor seeking strong ROI.
The Holt Medical Plaza sits on a vast 1.26-acre lot providing ample parking with 78 total parking spaces. Holt Medical Plaza is located in a high-traffic area (23,990 Average Daily Traffic Count), surrounded by many national retail brands including CVS, Dollar Tree, and many others. Contact Agent for a Tour.
Investment highlights
- Stabilized, fully leased medical / retail center with long-term Tenants in place
- 100% occupied with primarily medical tenants.
- NNN LEASES: Tenants reimburse 100% of CAM, Real Estate Taxes, and Insurance.
- Stable cash flow with significant NOI growth.
- 3% -4% annual Base Rent increases are in place.
- Minimal Landlord responsibilities.
- Recession & E-commerce Resistant Tenant Mix.
- Fantastic Signage, Exposure, and Frontage on Holt Blvd.
- Recently renovated. Seller spared no cost in exterior and interior renovations.
- SECURE INCOME STREAM – LONG-TERM LEASES WITH ANNUAL RENTAL RATE INCREASES.
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