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40120 Hwy 41
2,500 SF Retail Condo Unit Offered at $463,488 CAD in Oakhurst, CA 93644
Investment Highlights
- Fully Leased, Prime Location, High Traffic Area
- Absolute NN Lease w/ Healthy Annual Increases
- Great Visibility | Directly Behind McDonalds
- Experienced Operator, Scheduled Rent Increases
- Below Market Lease Rate W/ Added Value/Appreciation
- Motivated Seller: Asking Price Is Less Than Assessed Value
Property Facts
| Price | $463,488 CAD | Building Class | C |
| Unit Size | 2,500 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 4,825 SF |
| Total Building Size | 4,825 SF | Year Built | 1984 |
| Property Type | Retail (Condo) | Lot Size | 0.11 AC |
| Property Subtype | Freestanding | Parking Ratio | 3.73/1,000 SF |
| Sale Type | Owner User | Opportunity Zone |
Yes
|
| Price | $463,488 CAD |
| Unit Size | 2,500 SF |
| No. Units | 1 |
| Total Building Size | 4,825 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Freestanding |
| Sale Type | Owner User |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 4,825 SF |
| Year Built | 1984 |
| Lot Size | 0.11 AC |
| Parking Ratio | 3.73/1,000 SF |
| Opportunity Zone |
Yes |
1 Unit Available
Unit J
| Unit Size | 2,500 SF | Condo Use | Retail |
| Price | $463,488 CAD | Sale Type | Owner User |
| Price Per SF | $185.40 CAD | APN/Parcel ID | 064-190-001 |
| Unit Size | 2,500 SF |
| Price | $463,488 CAD |
| Price Per SF | $185.40 CAD |
| Condo Use | Retail |
| Sale Type | Owner User |
| APN/Parcel ID | 064-190-001 |
Sale Notes
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.
Amenities
- Signage
Nearby Major Retailers
zoning
| Zoning Code | PSC (Commercial) |
| PSC (Commercial) |
Presented by
40120 Hwy 41
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