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Auto Parts

Big Brand Tire & Service

415 W Central Ave, Lompoc, CA 93436

Listing Price: $5,868,160

Cap Rate
5.00%
Tenant Name
Big Brand Tire & Service
Years Remaining On Lease
20.0
Gross SF
8,755
Guarantor
Corporate Guarantee
Rentable SF
8,755
Price/Gross SF
$670.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.51

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Big Brand Tire & Service located at 415 W Central Ave, Lompoc, CA. The site consists of roughly 8,755 rentable square feet of building space on an estimated 2.44-acre parcel of land. This Big Brand Tire & Service is subject to a 20-year absolute triple net (NNN) lease, which commences upon the close of escrow. The base rent will be$253,895 and will increase by two percent (2%) annually starting in year two and continuing throughout the base term and into each of the four, five-year tenant renewal option periods.

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Two Percent (2%) Every Year
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    (213) 943-1850

    License(s) CA: 01172596

    California

Auto Parts

Big Brand Tire & Service

Listing Price: $5,868,160

Cap Rate
5.00%
Tenant Name
Big Brand Tire & Service
Years Remaining On Lease
20.0
Gross SF
8,755
Guarantor
Corporate Guarantee
Rentable SF
8,755
Price/Gross SF
$670.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.51

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Two Percent (2%) Every Year
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Big Brand Tire & Service located at 415 W Central Ave, Lompoc, CA. The site consists of roughly 8,755 rentable square feet of building space on an estimated 2.44-acre parcel of land. This Big Brand Tire & Service is subject to a 20-year absolute triple net (NNN) lease, which commences upon the close of escrow. The base rent will be$253,895 and will increase by two percent (2%) annually starting in year two and continuing throughout the base term and into each of the four, five-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    (213) 943-1850

    License(s): CA: 01172596

    California

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