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305 Gardner Field Rd 9,360 SF Retail Building Taft, CA 93268 $1,860,000 ($198.72/SF) 5% Cap Rate
Executive Summary
CIRE Partners is pleased to present a single-tenant net leased investment offering consisting of the fee-simple interest in a Dollar Tree (the "Property" or "Asset") located in Taft, CA. The Property is a 9,360 SF on 0.27 AC operating with a corporate guaranty. The site benefits from strong real estate fundamentals, secure tenant synergy, direct visibility from highly trafficked thoroughfares, and sits directly on shopping center’s busiest ingress/egress access point
This is a rare opportunity for qualified investors to acquire recession-proof tenant with proven commitment through the entire center's relaunch.
This is a rare opportunity for qualified investors to acquire recession-proof tenant with proven commitment through the entire center's relaunch.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,360 SF
Building Class
B
Year Built
2008
Price
$1,860,000
Price Per SF
$198.72
Cap Rate
5%
NOI
$93,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.27 AC
Zoning
GC - General Commercial
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 9,360 SF
- -
- -
Dollar Tree started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 9,360 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 220-290-11-00-1 | Improvements Assessment | $1,563,081 |
| Land Assessment | $45,967 | Total Assessment | $1,609,048 |
Property Taxes
Parcel Number
220-290-11-00-1
Land Assessment
$45,967
Improvements Assessment
$1,563,081
Total Assessment
$1,609,048
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305 Gardner Field Rd
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