2441-2449 2nd St - Storefront FOR SALE


Napa, CA 94559
$5,400,000 USD
707-738-5853
2441-2449 2nd St, Napa, CA for Sale
$5,400,000 USD
Storefront - FOR SALE
1/4
null | 6.14% Cap Rate

2441-2449 2nd St
Napa, CA 94559


HIGHLIGHTS

  • Fully Leased 5,140 s.f. Buidling newly renovated.
  • Successful Business Operater with 3% annual increases and expected occupancy through 2038

OVERVIEW

Fully Leased Building on a NNN basis in World Famous Napa Valley boasting 3.5 million vistors per year. 3% escalations every year with options through 2038. Operating as Napa's #1 Cannabis Shop with over 70,000 visits annually among a limited set of permitted retailers. The Building was fully renovated and updated in 2018 converting a former industrial space to the retail space with Highway 29 Exposure at the main Downtown Napa exit.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$1,051 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Velvet Building Napa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

M1, Napa

APN/PARCEL ID

004-491-028

ASK ABOUT THIS PROPERTY

Joe FischerStrong & HaydenMore Info
707-738-5853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe FischerStrong & HaydenMore Info
707-738-5853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.