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Restaurant NNN Investment Opportunity 1960 Optima St 4,500 SF Retail Building Chula Vista, CA 91915 $3,163,115 ($702.91/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupancy
- New High End Build Outs
- 8 Year Lease Terms Remaining w/Options
- Portfolio Sale Price: $6,326,230
EXECUTIVE SUMMARY
Pacific Coast Commercial is proud to present a fantastic investment opportunity of two recently constructed, fully fixturized restaurants in the master planned community of Millenia in Chula Vista.
Each restaurant is on a 10 year NNN lease with annual increases and occupy newly constructed buildings with high end improvements. A buyer has the opportunity to purchase both together or either one separately.
Additionally, 1980 Optima Street could potentially be available for an owner-user scenario.
Please contact brokers for an NDA to receive the full OM.
Each restaurant is on a 10 year NNN lease with annual increases and occupy newly constructed buildings with high end improvements. A buyer has the opportunity to purchase both together or either one separately.
Additionally, 1980 Optima Street could potentially be available for an owner-user scenario.
Please contact brokers for an NDA to receive the full OM.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,500 SF
Building Class
C
Year Built
2022
Price
$3,163,115
Price Per SF
$702.91
Cap Rate
6.50%
NOI
$205,602
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.15 AC
Zoning
C-6
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 643-065-20 | Improvements Assessment | $853,128 |
| Land Assessment | $535,806 | Total Assessment | $1,388,934 |
PROPERTY TAXES
Parcel Number
643-065-20
Land Assessment
$535,806
Improvements Assessment
$853,128
Total Assessment
$1,388,934
CONTACTS
-
Chase Pelton -
Valley Coleman -
Blanche Golia -
Shirley Kanamu -
Pacific Coast Commercial
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Restaurant NNN Investment Opportunity | 1960 Optima St
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