29580 Nuevo Rd
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29580 Nuevo Rd
3,300 SF 100% Leased Retail Building Nuevo, CA 92567 $983,620 CAD ($298 CAD/SF) 9% Cap Rate
EXECUTIVE SUMMARY
Come and take advantage of the most busiest intersection in Nuevo. This two structure center is located at the main intersection of Nuevo Road and Lakeview Street. Traffic counts average 10,000 vehicles per day. Both buildings have separate electric, water and gas meters. Restaurant tenant on month to month lease and has been a staple of the Nuevo community for years. Other building was previously an auto mechanic shop and most recently a dispensary. This parcel has other opportunities for expansion and development. Bring your developer clients to do a site review to figure out the future potentials of this parcel, possible gas station and/or retail front expansions. Center has direct access from 215 FWY exit and Ramona Expressway.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Building Class
C
Year Built
1991
Price
$983,620 CAD
Price Per SF
$298 CAD
Cap Rate
9%
NOI
$88,526 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.12 AC
Zoning
C-P-S - SCENIC HIGHWAY COMMERCIAL ZONE
Parking
5 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- El Comal
- Retailer
- 1,955 SF
- $1.27 CAD
- Single Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| El Comal | Retailer | 1,955 SF | $1.27 CAD | Single Net | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $252,266 CAD | |
| Land Assessment | $270,492 CAD | Total Assessment | $522,758 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$270,492 CAD
Improvements Assessment
$252,266 CAD
Total Assessment
$522,758 CAD
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29580 Nuevo Rd
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