$3,950,000
12450 Day
Details
APN 291590025
Property Type Retail
Sub Type Commercial
Square Footage 5,126
Cap Rate 5.22%
NOI $206,224
Lease Type Absolute NNN
Price per SqFt $771
Year Built 2009
Stories 1
Lot Size (SqFt) 41,382
Lease Commencement 02/28/2011
Retail | 5.22% CAP | 5,126 SqFt
Marketing description
Michelle Chen/ Pacific Sterling Realty is pleased to present the fee simple sale of a single tenant retail building with a prime absolute NNN investment property opportunity; the landlord is not responsible for any repairs and maintenance. Pad of the most popular, nearly 300,000 SF TownGate Crossing Shopping Mall in Moreno Valley Perris Submarket. Anchored by Lowe's Home Improvement, surrounding tons of national retailers, department stores, and movie theaters, etc. Tenant has been in the same location in the past 15 years since September 30, 2010. The lease features 10% rental increases every 5 years throughout the lease Option Periods, growing NOI, and hedging against inflation. three (5) year option remains. E-commerce Resistant Service-Related Businesses. Tenant is a franchise of American casual dining restaurant and sports bar with 1,380 locations across all 50 U.S. States and DC.
Investment highlights
- Prime NNN investment property opportunity
- Excellent 1031 Exchange Property
- Absolute NNN. Landlord is not responsible for any repairs and maintenance
- Pad of the most popular, nearly 300,000 SF TownGate Crossing Shopping Mall in Moreno Valley Perris Submarket
- Anchored by Lowe’s Home Improvement, surrounding tons of national retailers, department stores and movie theater, etc.
- Tenant has been in the same location in the past 15 years since sept 30, 2010
- Tenant exercised their first 5 year option during pandemic demonstrating their long-term commitment to this location
- The lease features 10% rental increases every 5 years throughout the Lease Option Periods, growing NOI and hedging against inflation Two (5) years options remain
- E-commerce Resistant Service-Related Businesses
- Tenant is franchise of American casual dining restaurant and sport bar with 1,380 locations across all 50 U.S. States and DC
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$206,224.00
$17,185.33/mo
Valuation Metrics
0
DSCR
5.22%
Cap Rate
5.22%
ROI
Map
Zoning
SP-200-HC SpecialSpecific Plan Towngate Highway Commercial
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