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Views: 288 DOM: 111 Updated: 10.29.24 Posted: 08.15.24 Status: Active

Summary

Price $895,000
Built/Renov 1986/2023
Tenant California Rural Legal Assistance
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,000
Lease Start 08-01-2023
#Units 16
Price/SF $298.33
Expiration 06-30-2028
Tenant Type Office/Corp
NOI $64,890
R. Term 3.6
Ownership Fee Simple
Rent/SF $21.63
Increases 3.0%/1/yrs
Pop 5Mi 18,554
Lot/AC 0.17
Options 2/5yrs/3%
AHHI 5Mi $53,827

Lease Highlights

  • California Rural Legal Assistance has 3+ years remaining on the current lease term with 2 (3-year) options to extend
  • The lease features 3% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

California Rural Legal Assistance is strategically located on Main Street, with access to 17,600 vehicles passing by daily. The area boasts impressive nationwide placer rankings for well-known national tenants: Dollar Tree is in the top 17%, AutoZone is in the top 23%, Family Dollar is in the top 4%, Rite Aid is in the top 9%, and Dollar General is in the top 8%. The 5-mile trade area supports...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

California Rural Legal Assistance, Inc. (CRLA) is a nonprofit legal services organization that provides free legal assistance and advocacy to low-income individuals in rural California...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 13,135 17,811 22,679
2024 Total Population : 12,988 17,667 22,363
2024 Employed Civilian Pop : 4,905 6,445 8,278
2024 Total Businesses : 244 335 458
2024 Average Household Income : $ 52,464 $ 52,220 $ 59,961
2024 Total Consumer Spending : $ 158 M $ 216 M $ 313 M
2024 Median Age : 29 30 30
2024 Total Households : 3,362 4,610 5,840
2024 Pop Age 25+: Bachelor's Degree : 236 294 643
2024 Average Home Value : $ 281,795 $ 301,294 $ 335,181
*ESRI data is presented for informational purposes only

Listing Broker

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