$10,750,000
$12,290,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
46,449 SqFt
SOLD DATE : 04/15/2022
Key Details
Sold Price $10,750,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 46,449 sqft
Price per Sqft $231
MLS Listing ID AR21059087
Sold Date 04/15/22
HOA Y/N No
Year Built 1997
Lot Size 3.700 Acres
Acres 3.7004
Property Description
This is a Corporate Absolute Triple-Net NNN Lease with Best Buy Co., Inc.; No landlord responsibility. Current Cap rate at 5% with Annual Net Operation Income of $618,828. This Best Buy store has been in this location for more than 20 years. Best Buy has been paying full rent payment on time every month since the COVID-19 pandemic with zero default. It is located inside 350,000 square feet Savi Ranch power center, right off the highly traveled CA 91 Freeway, benefiting from high traffic counts with over 273,000 vehicles per day and more than 70,000 people with 3 miles radius with an average income of $156,000. Great Investment! Don't Miss out!
Location
State CA
County Orange
Area 85 - Yorba Linda
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft
Water Public
Others
Tax ID 35211614
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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