Modified NNN CREDIT TENANT LEASE INVESTMENT: 3,375 square foot retail building located in the City of Arroyo Grande. Currently, the property is 100.0% leased and occupied. Access and commercial exposure of the subject is good due to its direct frontage along East Grand Avenue, a main arterial within the trade area. The subject is a freestanding bank branch building with a drive-thru that is located within a larger neighborhood center anchored by Smart & Final and Dollar Tree. The subject building includes one walk-up ATM at the building entrance and a drive-thru window at the rear of the building. The subject is accessible via curb cuts along both East Grand Avenue and Courtland Street. Tenant Lease Information: Modified NNN Lease (tenant pays for taxes, insurance; and Landlord and Tenant pay for certain maintenance expenses). Minimum rent $4,565.70 per month with 2% annual increases. The current Tenant has occupied the building since 2011 on an original 5-year lease that expired October 31, 2016. Tenant exercised their first of three Five year options, which shall expire October 31, 2021.

  • MLS# SP18049267
  • Style IQWeb_Other Business Opportunity
  • Sub-Type Resale
  • Status Active
  • Year 1981
  • Days On Site 82
SQ Feet 3,375
Story(s) 0
Listing Provided By:
Brenda Benninghoff  of  R. Poltl Associates Inc.
 
 
 
this listing $1,240,000
70.56%
$727,000 in 93420
this listing 3,375 SqFt
80.77%
1,867 SqFt in 93420
this listing $367 $/SqFt
6.29%
$392 $/SqFt in 93420
this listing 82 on site
368.57%
17.5 on site in 93420

Location

State CA
County San Luis Obispo
City Arroyo Grande
Zip Code 93420
Area ARRG - Arroyo Grande

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