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Kmart - Bishop Shopping Center 1200 Main St

105,729 SF Retail Building Bishop, CA 93514 $9,182,247 CAD ($87 CAD/SF) 12.01% Cap Rate

Retail Buildings California Bishop 1200 Main St, Bishop, CA 93514

Investment Highlights

  • NNN Lease | No Landlord Obligations
  • High Volume Traffic Area
  • Tremendous Retail Redevelopment Opportunity
  • Dark Free Standing Building
  • Excellent Location | Highly visible and easily accessible
  • Retail Competitors are 2+ hours away

Executive Summary

Tremendous Retail Redevelopment Opportunity:
The subject property is a 105,306 square foot, single tenant Kmart in Bishop, CA, approximately 1 hour outside of Yosemite National Park. The tenant is subject to an absolute NNN lease. The lease calls for zero landlord obligations and the tenant has an additional nine, 5 year options to renew.
This dark freestanding building is situated in the primary retail shopping area for Bishop. Neighboring retailers include Vons, Smart & Final, Denny’s, Starbucks, and many others. This location also benefits from its position on a heavily trafficked thoroughfare.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
105,729 SF
Building Class
B
Year Built
2000
Price
$9,182,247 CAD
Price Per SF
$87 CAD
Cap Rate
12.01%
NOI
$1,102,591 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
6.50 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
374 Spaces
Frontage
687 ft on Spruce St

Amenities

  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Kmart
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Kmart Retailer 99,999 SF - Lorem Ipsum Jan 0000
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Nearby Major Retailers

Vons
Starbucks
Grocery Outlet
Denny's
Smart & Final
CrossFit
U.S. Bank
Eastern Sierra Community Bank
Chase Bank
AltaOne Federal Credit Union

PROPERTY TAXES

Parcel Number 008-360-10 Improvements Assessment $14,303,103 CAD
Land Assessment $2,999,547 CAD Total Assessment $17,302,650 CAD

PROPERTY TAXES

Parcel Number
008-360-10
Land Assessment
$2,999,547 CAD
Improvements Assessment
$14,303,103 CAD
Total Assessment
$17,302,650 CAD
(831) 685-9300 x101

Contact

  • Listing ID: 31954211

  • Date on Market: 2024-05-29

  • Last Updated:

  • Address: 1200 Main St, Bishop, CA 93514

The Retail Property at 1200 Main St, Bishop, CA 93514 is currently available for sale. Contact SAR Enterprises for more information.

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1200 Main St, Bishop, CA for sale Primary Photo- Image 1 of 5
Primary Photo
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Kmart - Bishop Shopping Center | 1200 Main St
(831) 685-9300 x 101

Kmart - Bishop Shopping Center | 1200 Main St

Anna Surber

(831) 685-9300

x101

(831) 685-9300 x101

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