905 S Santa Fe Ave - Storefront FOR SALE


Vista, CA 92083
$4,111,000 USD
714-393-2552
905 S Santa Fe Ave, Vista, CA for Sale
$4,111,000 USD
Storefront - FOR SALE
1/8
null | 4.5% Cap Rate

905 S Santa Fe Ave
Vista, CA 92083


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranty | Scheduled 10% Rental Increases | Well-Known Established Brand
  • Absolute NNN | Fee Simple | Zero Landlord Responsibilities
  • Dense Retail Corridor | Signalized, Hard Corner Intersection
  • Strong Demographics In 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Black Rock Coffee investment property located in Vista, California (San Diego MSA). The tenant recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their long-term 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 absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. Founded as a family owned and operated business in Oregon in 2008, Black Rock Coffee Bar has grown to 150 retail locations in seven states.

FOR SALE DETAILS

PRICE

$4,111,000 USD

PRICE/SF

$1,142 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

SPI

APN/PARCEL ID

179-130-35

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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