Property details

Strip Mall, Pacific West Region

Property Description

• Strip Mall 100% Leased Four-Tenant Retail Center - Anchored by Starbucks & Quiznos

• Fixed Rental Increases in Strip Mall

• Excellent Location Just Off I-80

• 2005 Construction

Strip Mall construction completed in September 2005, an approximately 5,400 square foot retail building demised into four suites. The property also features a drive-thru component.

Strip Mall tenants include Starbucks, Quiznos, Ace Cash Express and The PCS Store.

This strip mall property is located in an area experiencing tremendous growth rates in the 1990s. High growth rates continued into the early years of the new millennium, but as the area approaches build-out, growth rates have declined and there is now a significant barrier to entry into the local economy.

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Highlights

Status:
Available
Price:
$3,234,000
PSF:
$599
Cap Rate:
5.75%
Annual Rent:
$185,980
Rent Increases:
None
 

Property Information

Building Size:
5,400 sq.ft.
Property Type:
Shopping Center
Industry Type:
Retail
Units/Spaces:
4
Year Built:
2005
Land Area:
32,750 sq.ft.
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.