742 Main St - Retail FOR SALE


Chula Vista, CA 91911
$5,162,000 USD
480-221-4221
742 Main St, Chula Vista, CA for Sale
$5,162,000 USD
Retail - FOR SALE
1/7
null | 5.5% Cap Rate

742 Main St
Chula Vista, CA 91911


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Part of New Retail Development | Prime Automotive Corridor |Interstate 805 (262,000 VPD) | New Housing Development
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN lease, Caliber Collision investment property located in Chula Vista, California. The tenant, Caliber Collision recently signed a brand new, 15-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$5,162,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision | 15yrs Corp NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

ILP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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