Description
| Price | $2,100,000 | Sale Conditions | Investment Triple Net |
| Property Type | Retail | No. Stories | 1 |
| Property Sub-type | Year Built | 1977 | |
| Building Class | C | Parking Ratio | |
| Sale Type | Investment | Zoning Description | OCG |
| Cap Rate | 6.59% | APN / Parcel ID | |
| Lot Size | 1.35 AC | Walk Score ® | 12 (Car-Dependent) |
| Gross Leasable Area | 8,798 SF |
Description
Caliber Collision is strategically located along US HWY 192 and Fortune Road. US HWY 192 (Irlo Bronson Mem. HWY) is an arterial road that carries significant traffic volumes (52,000 VPD). The immediate trade area features above average household incomes, with an average of nearly $53,000 within a 5-mile radius, and, features high population demographics, with over 172,760 people residing within a 5-mile radius. The site is located within an Opportunity Zone, as well as the East U.S. 192 CRA district, making it eligible for grant-funded improvements & also situated near multiple projects of significant economic impact. The subject property is located next to the 482.5± acre NeoCity Technology District, which has an estimated total economic output of $25.3-28.8 billion dollars.
Highlights
- Brand New 15-Year NNN Lease with 2% Annual Increases in Primary & Option Terms
- 15+ Years Remaining on Primary Term of Triple-Net Lease
- Located Next to 482.5-Acre NeoCity Technology District – Approx. $25.3B Total Economic Output
- Recent Caliber and ABRA Recent Merger
- Located Within an Opportunity Zone
Sale Notes
Caliber Collision recently signed a new 15-year NNN lease with two (2), 5-year options. Lease features 2% rent bumps annually during primary term and option periods. Tenant site improvements underway – estimated total costs of $600K.
Major Tenant Information
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Caliber Collision | 8,798 |
Amenities
| Bus Line | Signage |
| Dedicated Turn Lane | Signalized Intersection |
| Pylon Sign |
Traffic
| Collection Street | Cross Street | Traffic Vol | Year | Distance |
|---|
