Listed by SVN | Rankin Company, LLC
$3,000,000
Income Producing Property - 689-699 S Monroe
Details
APN 131011004007003001
Property Type Retail
Sub Type Shopping Center
Square Footage 55,000
Cap Rate 9.48%
NOI $284,400
Occupancy 100%
Tenancy Multi
Price per SqFt $55
Year Built 1969
Lot Size (SqFt) 52,502
Zoning C-1
Investment Type Sale/Leaseback
Loading Docks 1
Sale Condition Sale for leaseback
Sale-Leaseback Income Producing Opportunity with 100% Occupancy
Marketing description
This 55,000 SF strip center is offered for sale at $3,000,000 and provides stable in-place income with contractual growth. El Charro occupies 3,848 SF and will remain, while the seller intends to execute a sale-leaseback on the remaining space at $20,500 per month base rent plus the income from the existing tenant, with a 3-year minimum term and 2% annual increases in base rent. The structure offers immediate cash flow with defined escalation and term stability.
Investment highlights
El Charro restaurant occupying 3,848 SF.
Seller leaseback at $20,500/month base plus El Charro $3,200/month. ($246,000 annual plus El Charro $38,400 annual; $284,400, 9.5% cap)
Positioned along established retail corridor.
Listing Contacts
Listed by SVN | Rankin Company, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$284,400.00
$23,700.00/mo
Valuation Metrics
0
DSCR
9.48%
Cap Rate
9.48%
ROI
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