Listed by Reece Commercial Real Estate
$600,000
Kearney Retail w/ Warehouse
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 6,065
Net Rentable (SqFt) 6,065
Units 1
Cap Rate 8%
NOI $48,000
Tenancy Single
Lease Type NNN
Lease Term 5.1
Lease Expiration 03/31/2031
Remaining Term 4.8
Rent Bumps No
Lease Options N/A
Price per SqFt $99
Broker Co-Op Yes
Class B
Year Built 1972
Acreage 0.460
Zoning General Commercial
Parking Spaces 14 spaces
Parking Per SqFt 2.31
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 02/10/2026
NNN Tenant | High Traffic | High Visibility
Marketing description
Now available as an investment sale, is this occupied single tenant retail
building. The asset offers strong real estate fundamentals with 34,544 AADT,
dedicated turning lane, new trade area development, amongst others. The
trade area will also be bolstered by the incentives offered within the April
2026 approved “Kearney Street Corridor Re-Development Plan”.
The building envelope enables future flexibility with ± 2,760 sf of the building
being allocated to steel-framed warehouse with loading dock, 12x10 dock
high door, and 17ft high-side eave height. The remaining ± 3,305 sf is built-out
as retail. The building has a new roof (2025), and reliable forced air heating and
cooling. 2025 Taxes were $6,270.10 ($1.03/sf).
Investment highlights
- Minimal Near-Term Capital Expenditures (New Roof)
- Kearney Street Corridor Re-Development Plan
- Multiple Store Operator
- High Traffic, High Visibility
- Active Intersection
Listing Contacts
Listed by Reece Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,000.00
$4,000.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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