1212-1214 Airport Park Blvd - Freestanding FOR SALE


Ukiah, CA 95482
$5,200,000 USD
949-724-5552
1212-1214 Airport Park Blvd, Ukiah, CA for Sale
$5,200,000 USD
Freestanding - FOR SALE
1/6
null | 6.73% Cap Rate

1212-1214 Airport Park Blvd
Ukiah, CA 95482


HIGHLIGHTS

  • Starbucks Drive Thru - Value-Add Center – Fee Simple Ownership - Investment-Grade Credit Tenant - NASDAQ: SBUX – Market Cap: $109.84 Billion
  • Nearby Retailers Include Costco, Walmart Applebee’s, Michaels, Staples, Panda Express, Dollar Tree, Tractor Supply Co., and FoodMaxx.
  • 11,703 SF – 8 Units – 1.58 Acres – Two Buildings
  • Opportunity to Increase Cash Flow – 1,455 SF Available for Lease-Up
  • Average Household Income within 5 Miles: $109,844

OVERVIEW

The Snyder Carlton National Net Lease Team in pleased to present an opportunity to purchase a Starbucks drive-thru anchored value-add multi-tenant retail center located in Ukiah, CA which provides upside potential through additional lease up of one vacant unit (1,455 SF). The property comprises of a 1.58-acre lot, and two buildings totaling 11,703 SF. Tenants are a mix of national and local retailers including Starbucks, Verizon, Fantastic Sams, Isi’s Pizza, Phone Clinic, Pest Control, and Las Palmas Mexican Restaurant. Positioned on the hard corner signalized intersection of Commerce Dr and Airport Park Blvd this property is nearby many national retailers including Costco, Walmart, FoodMaxx Michaels, Staples, Panda Express, Dollar Tree, and Tractor Supply Co. which drives retail synergy and cross shopping opportunities for consumers. The subject property is also located within walking distance of four hotels with over 280 rooms. This is a unique opportunity to purchase a value-add Starbucks drive thru anchored multi-tenant retail center with three national retailers and the ability to increase cash flow through lease up.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ukiah Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

CROSS STREETS

Commerce

LAND ACRES

1.58 AC

LAND SF

68,921 SF

ZONING

PDC

APN/PARCEL ID

180-080-73-00

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.