Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach
$769,000
Single-Tenant, NNN Property For Sale (Napa Auto Parts)
Details
Property Type Retail
Sub Type Auto Parts
Square Footage 5,100
Units 1
Cap Rate 5.01%
NOI $38,492
Tenancy Single
Lease Type NNN
Price per SqFt $151
Year Built 1970
Year Renovated 1955
Acreage 0.583
Zoning Ridgewood Business District
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Single-Tenant, NNN Property For Sale (Napa Auto Parts)
Investment highlights
- Corporate backed, NNN Napa Auto Parts leased building for sale. 5.01% Cap Rate.
- Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years.
- Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals.
- There is upside on rent here. Current base rent is only $7.55/SF.
Listing Contacts
Listed by SVN | Alliance Commercial Real Estate Advisors Ormond Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,492.40
$3,207.70/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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