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14370 Las Palmas Way
La Grange, CA 95329
Retail Property For Sale
Investment Highlights
- HIGH VOLUME STORE
- NNN LEASE
- SERVES LAKE DON PEDRO AND LAKE MC CLURE VISITORS
Executive Summary
NNN LEASE INVESTMENT DOLLAR GENERAL STORE, HIGH VOLUME STORE SERVING LAKE DON PEDRO AND LAKE MCCLURE VISITORS AS WELL AS THE LOCAL COMMUNITY, STRATEGICALLY LOCATED TO SERVE THE OVER 1. MILLION VISITORS PER YEAR, LOCATED NEXT TO VALERO GAS, WHICH IS THE LOCAL GAS SUPPLIER FOR THE AREA AS WELL. 7 YRS REMAINING ON THE LEASE WITH 3 X 5 YR OPTIONS ALL WITH 10% RENT INCREASES PER OPTION.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2018
Price
$2,348,837
Price Per SF
$260.23
Cap Rate
6.45%
NOI
$151,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.40 AC
Zoning
C-S
Property Taxes
| Parcel Number | 075-030-013-000 | Improvements Assessment | $1,784,828 |
| Land Assessment | $446,205 | Total Assessment | $2,231,033 |
Property Taxes
Parcel Number
075-030-013-000
Land Assessment
$446,205
Improvements Assessment
$1,784,828
Total Assessment
$2,231,033
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