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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 began with a variety store in Norfolk, Virginia, in the 1950s and later emerged as a dollar-store chain under the Only $1.00 banner in the 1980s. The business changed its name to Dollar Tree Stores in the 1990s, went public soon after, and later expanded further through acquisitions that included Family Dollar. Today, the company operates a wide network of stores across the United States and Canada, and its merchandise spans housewares, cleaning supplies, food and snacks, health and beauty items, toys, gifts, party supplies, stationery, and seasonal décor.
| 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 | $1,594,342 |
| Land Assessment | $46,886 | Total Assessment | $1,641,228 |
Property Taxes
Parcel Number
220-290-11-00-1
Land Assessment
$46,886
Improvements Assessment
$1,594,342
Total Assessment
$1,641,228
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