40120 Hwy 41 - Freestanding CONDO FOR SALE


Oakhurst, CA 93644
$320,000 USD
559-705-1000
40120 Hwy 41, Oakhurst, CA for Sale
$320,000 USD
Freestanding CONDO - FOR SALE
1/10
null | Request Cap Rate

40120 Hwy 41
Oakhurst, CA 93644


HIGHLIGHTS

  • Fully Leased, Prime Location, High Traffic Area
  • Experienced Operator, Scheduled Rent Increases
  • Absolute NN Lease w/ Healthy Annual Increases
  • Below Market Lease Rate W/ Added Value/Appreciation
  • Great Visibility | Directly Behind McDonalds
  • Motivated Seller: Asking Price Is Less Than Assessed Value

OVERVIEW

Single-tenant NN leased freestanding retail investment building with long term tenant DBA "Something Special" on a 5-year lease with $50 annual rent increases. The lease rate is very conservative at only $0.94/SF/month, making this a very profitable location. High exposure ±2,500 SF retail building offering ample paved parking on ±0.65 acres in Oakhurst, CA. The property offers an open layout consisting of a large open retail area with rear private offices/restrooms. The property has been well maintained and has a Phoenix coating on the roof, all A/C's are in great condition and have been serviced every 6 months. Located directly behind McDonald's off of CA-41 which carries ±18,757 cars & CA-49 that carries ±12,644 per day. The visibility offers a tremendous draw of traffic from the neighboring schools and neighborhoods. The property provides opportunity with easy access to Freeway CA-41, while being located nearby several retail amenities (shopping and restaurants). Tenants Business: Something Special has been open & operating for about 7 years. Something Special is a co-op of mountain artist & retailers. Featuring unique hand-crafted items, home decor, custom made jewelry, jewelry repair, one of a kind gifts & more. With an inventory that is constantly changing & expanding this shop will bring endless opportunities to nearby consumers.

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

4,825 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,826 SF

ZONING

PSC

APN/PARCEL ID

064-190-001,064-190-002

ASK ABOUT THIS PROPERTY

Jared EnnisCentral CA CommercialMore Info
559-705-1000

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Jared EnnisCentral CA CommercialMore Info
559-705-1000

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