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Kmart - Bishop Shopping Center 1200 Main St 105,729 SF Retail Building Bishop, CA 93514 $6,490,000 ($61.38/SF) 12.01% Cap Rate
Investment Highlights
- NNN Lease | No Landlord Obligations
- High Volume Traffic Area
- Tremendous Retail Redevelopment Opportunity
- Dark Free Standing Building
- Excellent Location | Highly visible and easily accessible
- Retail Competitors are 2+ hours away
Executive Summary
Tremendous Retail Redevelopment Opportunity:
The subject property is a 105,306 square foot, single tenant Kmart in Bishop, CA, approximately 1 hour outside of Yosemite National Park. The tenant is subject to an absolute NNN lease. The lease calls for zero landlord obligations and the tenant has an additional nine, 5 year options to renew.
This dark freestanding building is situated in the primary retail shopping area for Bishop. Neighboring retailers include Vons, Smart & Final, Denny’s, Starbucks, and many others. This location also benefits from its position on a heavily trafficked thoroughfare.
The subject property is a 105,306 square foot, single tenant Kmart in Bishop, CA, approximately 1 hour outside of Yosemite National Park. The tenant is subject to an absolute NNN lease. The lease calls for zero landlord obligations and the tenant has an additional nine, 5 year options to renew.
This dark freestanding building is situated in the primary retail shopping area for Bishop. Neighboring retailers include Vons, Smart & Final, Denny’s, Starbucks, and many others. This location also benefits from its position on a heavily trafficked thoroughfare.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
105,729 SF
Building Class
B
Year Built
2000
Price
$6,490,000
Price Per SF
$61.38
Cap Rate
12.01%
NOI
$779,310
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
6.50 AC
Opportunity Zone
Yes
Parking
374 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Kmart
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Kmart | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 008-360-10 | Improvements Assessment | $10,432,755 |
| Land Assessment | $2,187,884 | Total Assessment | $12,620,639 |
Property Taxes
Parcel Number
008-360-10
Land Assessment
$2,187,884
Improvements Assessment
$10,432,755
Total Assessment
$12,620,639
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Kmart - Bishop Shopping Center | 1200 Main St
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