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Big Brand Tire & Service

1304 Newbury Rd, Newbury Park, CA 91320

Listing Price: $4,870,580

Cap Rate
5.00%
Tenant Name
Big Brand Tire & Service
Years Remaining On Lease
20.0
Gross SF
11,559
Guarantor
Corporate Guarantee
Rentable SF
11,559
Price/Gross SF
$421.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.07

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Big Brand Tire & Service located at 1304 Newbury Road, Newbury Park, CA. The site consists of roughly 11,559 rentable square feet of building space on an estimated 1.07-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 $225,000 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

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Listing Price: $4,870,580

Cap Rate
5.00%
Tenant Name
Big Brand Tire & Service
Years Remaining On Lease
20.0
Gross SF
11,559
Guarantor
Corporate Guarantee
Rentable SF
11,559
Price/Gross SF
$421.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.07

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 1304 Newbury Road, Newbury Park, CA. The site consists of roughly 11,559 rentable square feet of building space on an estimated 1.07-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 $225,000 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

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

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