Highlights

• 10.60% CAP / 28% Year 1 Overall Return through Equity Build-up
• 15% Down
• 85% Assumable, Non-recourse Financing

• Exceptional California Bay Area retail location situated in Union Landing Power Center, one of Alameda County's most desirable retail destinations
• Ideal debt replacement vehicle for 1031 Investors
• Adjacent to I-880 (200,000+ ADT)

Description

The subject property is a freestanding single tenant absolute NNN leasehold investment. The subject's cash flow structure allows investors to achieve a 28.27% Year 1 overall return through equity build-up with only 15% down, using a high amount of leverage to cover debt requirements. This investment is for the leasehold interest only as the property is subject to a ground lease. Ground rent is the sole responsibility of the tenant. There are 14 years remaining on the lease with one, 3-year and three, 5-year renewal options.

The subject property is located in the California Bay Area and situated in the Union Landing Power Center, one of Alameda County's most desirable retail destinations. The power center is home to over 30 national credit tenants including: Wal-Mart, Lowe's, Best Buy, Cinemark Theaters, Michael's, Petco, Lucky's, Office Max, Sports Authority, Babies R Us, and Party City. Union Landing Power Center is adjacent to Interstate 880 with two monument signs showcasing the subject property and other major tenants. Interstate 880 has average daily traffic counts in excess of 200,000.