559 N Hale Ave - Auto Dealership FOR SALE


Escondido, CA 92025
$11,010,579 USD
332-345-4222
559 N Hale Ave, Escondido, CA for Sale
$11,010,579 USD
Auto Dealership - FOR SALE
1/3
null | 6.75% Cap Rate

559 N Hale Ave
Escondido, CA 92025


HIGHLIGHTS

  • Long-Term Triple-Net (NNN) Lease
  • Strong Corporate Guarantee
  • Attractive Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Carvana located at 559 N Hale Ave, Escondido, CA 92025. The site consists of roughly 5,739 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Carvana is subject to an Absolute Triple Net (NNN) lease, which has 17.4 years of term remaining. The current annual rent is $743,214 and has scheduled increases of lesser of 9.61% or 1.25x 5-yr cpi every 5 yrs.

FOR SALE DETAILS

PRICE

$11,010,579 USD

PRICE/SF

$1,919 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carvana

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

I-7

APN/PARCEL ID

232-061-25

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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