Listed by Ellwood Commercial Real Estate
$2,750,000
6137 La Salle Ave
Details
APN 048F-7358-007-01
Property Type Retail
Sub Type Freestanding
Square Footage 4,500
Cap Rate 5.57%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Class C
Year Built 1941
Stories 1
Acreage 0.100
Zoning CN-1
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 5.57% CAP | 4,500 SqFt
Marketing description
Prime hard corner location in the heart of Montclair Village. Absolute NNN lease! Approximate 50 year long tenant Coldwell Banker (Anywhere Real Estate Inc./NYSE:HOUS). Newly executed 5 year lease extension. 3% annual increases. New main roof with the metal roof in the process of being replaced.
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Investment highlights
- Prime hard corner in the heart of Montclair Village
- Absolute NNN lease
- Approximate 50 year long tenant Coldwell Banker (Anywhere Real Estate Inc./NYSE:HOUS)
- Newly executed 5 year lease extension
- 3% annual increases
- New main roof with the metal roof in the process of being replaced
Listing Contacts
Listed by Ellwood Commercial Real Estate
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