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Views: 58 DOM: 92 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $544,500
Built/Renov 1951
Tenant Oportun Financial
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp Traded
Size/SF 1,500
Lease Start 11-12-2017
#Units 370
Price/SF $363.00
Expiration 11-30-2026
Tenant Type Bank/Financial
NOI $43,560
R. Term 2.0
Ownership Fee Simple
Rent/SF $29.04
Increases 10.0%/2/yrs
Pop 5Mi 169,153
Lot/AC 0.00
Options 2/5yrs/10%
AHHI 5Mi $95,049

Lease Highlights

  • Oportun Financial has 2 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Oportun Financial is strategically located on West Grand Avenue, with access to 20,000 vehicles passing by daily. The property features prominent monument signage and is surrounded by well-known national tenants including Domino's, O'Reilly Auto Parts, Dollar General, Burger King, AutoZone, and more. The 5-mile trade area supports a population of 169,153 residents with an average household...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Oportun Financial Corporation is a financial services company that focuses on providing affordable credit and financial services to underserved communities. The company offers personal loans,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 25,168 99,148 157,104
2024 Total Population : 25,996 102,186 161,068
2024 Employed Civilian Pop : 13,017 48,432 73,365
2024 Total Businesses : 578 3,027 4,475
2024 Average Household Income : $ 69,698 $ 82,425 $ 93,950
2024 Total Consumer Spending : $ 535 M $ 2588 M $ 4469 M
2024 Median Age : 34 35 33
2024 Total Households : 8,563 35,126 53,521
2024 Pop Age 25+: Bachelor's Degree : 1,700 7,805 16,305
2024 Average Home Value : $ 225,861 $ 233,543 $ 258,184
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Grand Ave Westmoreland Ave 2011 20,200 0.06 mi
City W34 Grand Ave 2007 17,700 0.12 mi
City W34 Garden Pl 2007 17,700 0.12 mi
Grand Ave Indiana Ave 2011 11,700 0.17 mi
Grand Ave Leith Ave 2011 20,200 0.27 mi
City W34 W Ridgeland Ave 2011 16,600 0.27 mi
City W34 Hyde PkAve 2007 17,700 0.28 mi
Grand Avenue New York St 2019 5,850 0.33 mi
City W34 Brookside Ave 2007 17,700 0.39 mi
N McAree Rd Grand Ave 2007 9,300 0.42 mi

Listing Broker

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