Offering Memorandum
Investment Highlights
- PASSIVE INCOME: NEW 10-YEAR DOUBLE NET (NN) LEASE WITH 4x5-YEAR OPTIONS TO RENEW
- CORPORATE GUARANTEE FROM AN INVESTMENT GRADE TENANT (S&P: BBB-)
- 7% RENTAL INCREASES IN EACH OPTION
- NEW 2019 CONSTRUCTION
- IDEAL DEMOGRAPHIC AREA FOR A FAMILY DOLLAR STORE TO THRIVE
- LOCATED ON A HARD CORNER NEARBY DOS PALOS HIGH SCHOOL (664 STUDENTS)
- LOCATED OFF OF CA-ROUTE 33 WHICH RUNS NORTH TO SOUTH FROM SAN JOAQUIN VALLEY TO VENTURA
- Price: $1,955,000
- Lot Size: 0.54
- Cap Rate: 6.50%
- Lease Type: Double Net (NN)
- Year Built: 2019
- Building SF: 9,180
- Status: Sold
- Guarantor: Corporate