90 W Main St - Freestanding FOR SALE


Woodland, CA 95695
$1,778,000 USD
949-229-2273
90 W Main St, Woodland, CA for Sale
$1,778,000 USD
Freestanding - FOR SALE
1/16
null | 4.25% Cap Rate

90 W Main St
Woodland, CA 95695


OVERVIEW

Coastal Commercial is pleased to offer For Sale this AutoZone Ground Lease located at 90 W. Main Street in Woodland, CA. AutoZone has been successfully operating at this location since 1999 and in 2023 agreed to extend their lease for an additional 10 Years, expiring November 30, 2033. The lease calls for 8% rental increases every 5 years including in each of the remaining 4, 5-year option periods. AutoZone’s in-place rental rate equates to $0.88 PSF, NNN which ultimately translates into a very rare and low price point Absolute NNN offering in Northern CA. Built in 1999, the subject property has been well-maintained and offers a pride of ownership asset providing secure, stable and passive income. AutoZone is situated along Main Street on a 0.84 acre parcel and is well parked with 35 spaces on a concrete surface parking lot. The offering benefits from exposure to just over 10K vehicles per day and is located in a densely populated trade area with a 3-mile population of 54,275 people. The immediate trade area is comprised of a number of national retailers, which include Walmart Neighborhood Market, Nugget Market, Walgreens, CVS, Rite Aid, Les Schwab Tire, Bank of America, McDonald's, Carl's Jr, Arby's, Kentucky Fried Chicken, Starbucks and many others.

FOR SALE DETAILS

PRICE

$1,778,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,407 SF

ZONING

C2

APN/PARCEL ID

064-130-039-000

ASK ABOUT THIS PROPERTY

Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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