Mike Cotter - Commercial Real Estate Showcase

Mike Cotter Property Listings
Mike Cotter
1933 Glenridge Rd
Escondido, CA 92027
(949) 322-6009

520 - 522 S Main Avenue

Fallbrook, CA 92028 - Outlying SD County N Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:4,908 SF Land Area:.32 AC (13,939 SF)
For Sale Price:$1,200,000 Price/SF:$244.50
Cap Rate:7.33 %
Parking:Free Surface spaces are available; Ratio of 4.92/1,000 SF

Sale Notes:
Tenants all on NNN leases, landlord responsible for foundation, walls, and roof only. Annual Gross Income - $98,000. Cap rate is conservative.

Prize location downtown Fallbrook. 520 and 522 S Main. Two commercial buildings on one parcel. Both tenants (St Vincent De Paul and Fallbrook Florist) well established and very long term. Approximately $100,000 annual rent with COL adjustments built in. Tenants responsible for everything except walls and foundation. Four years left on one lease, 6 months left on the other. Family Trust needs to sell.
520-522 S. Main in Fallbrook is a prize location in the heart of historic downtown Fallbrook. Lot size is very approximate at this time. Principals only please at this time.

Mike Cotter
Mike Cotter
(949) 322-6009

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