Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

939 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Velvet Building Napa 2441-2449 2nd St

5,140 SF 77% Leased Retail Building Napa, CA 94559 $7,594,560 CAD ($1,478 CAD/SF) 6.14% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Fully Leased 5,140 s.f. Buidling newly renovated.

Successful Business Operater with 3% annual increases and expected occupancy through 2038

Executive Summary

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.

Velvet Bldg Sale Brochure__P__2023

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Storefront

Building Size

5,140 SF

Building Class

Year Built/Renovated

1980/2018

Price

$7,594,560 CAD

Price Per SF

$1,478 CAD

Cap Rate

6.14%

NOI

$466,110 CAD

Percent Leased

77%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.28

Land Acres

0.42 AC

Zoning

M1, Napa - IL Zoning allowing a wide variety of commercial uses and property permitted Cannabis retailers.

Parking

10 Spaces (1.95 Spaces per 1,000 SF Leased)

Space Availability

1st Floor
1,200 SF
Retail
-
Now

1/2

2441-2449 2nd St, Napa, CA for sale Building Photo- Image 1 of 2 — Building Photo

2441-2449 2nd St, Napa, CA for sale Building Photo- Image 2 of 2 — Building Photo

Retail space with GL roll up door in excellent condition

Space	Size	Space Use	Position	Available
1st Floor	1,200 SF	Retail	-	Now

Size

1,200 SF

Space Use

Retail

Position

Available

Now

1 of 2

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/2

1 of 1

map
traffic

Walk Score ®

Very Walkable (76)

Bike Score ®

Very Bikeable (74)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	004-491-028	Improvements Assessment	$2,910,696 CAD
Land Assessment	$1,072,359 CAD	Total Assessment	$3,983,056 CAD

PROPERTY TAXES

Parcel Number

004-491-028

Land Assessment

$1,072,359 CAD

Improvements Assessment

$2,910,696 CAD

Total Assessment

$3,983,056 CAD

Listing ID: 31944112
Date on Market: 2024-05-28
Last Updated:
Address: 2441-2449 2nd St, Napa, CA 94559

1 of 5