Fast Auto Loans | Rare San Francisco Bay Area Net Leased Opportunity
Pittsburg, CA
Price: $1,414,000Cap Rate: Building SF: 2,676 SFLot Size: 0.72 AcresYear Built: 1993 (Renovated 2014/2015)Status:
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Investment Highlights: 

 

New Long Term NN Lease with Corporate Guarantee -The new 7-year NN lease is guaranteed by Fast Auto Loans, Inc. which has 850 locations in the U.S. and a 25- year operating history.

Rent Growth – The lease features 2% annual escalations in the primary term, as well as a 14% increase in the first option and a 10% increase in the second option.

Virtually New Building – The building has gone through extensive renovations, including a new roof, HVAC, facade, water/sewer, repaved parking lot, stucco, windows, new landscaping, and drive-thru (10 year transferable roof warranty).

Strategic Location – The subject property is located on N. Park Blvd. and Loveridge Rd, a main offramp from Highway 4, and offers excellent visibility with combined traffic counts of 134,000 cars per day.

Limited Competition – This Fast Auto Loans has limited competition in the area – the nearest Fast Auto Loans is nearly 30 miles away and its biggest competitor has no locations in Northern California.

Strong Demographics – Nearly 81,000 people live within a 3 mile radius of the subject property, with an annual household income of nearly $70,000.

 

 

 


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977