Jiffy Lube
125 E Cypress Ave,
Redding, CA 96002
NNN Automotive Opportunity
5.50%
CAP RATE
1,936
Building SF
$120,000
Current Rent
.48
Land Acres
Absolute NNN
Lease Type
1990
Year Built
Previous
Next
5.50%
CAP RATE
1,936
Building SF
$120,000
Current Rent
.48
Land Acres
Absolute NNN
Lease Type
1990
Year Built
INVESTMENT OVERVIEW
Essential CRE has been exclusively retained to present the opportunity to acquire the fee simple interest in the Jiffy Lube located at 125 E Cypress Avenue - Redding, CA. The subject property is 1,936 square feet, resides on .48 acres and is ideally situated in Redding's automotive commercial corridor within close proximity to Interstate 5. This location services on average 40 car per day with two drive-thru bays. The current lease in-place is Absolute NNN with 9 years remaining, 4, five-year options and 10% increases every 5 years.
INVESTMENT HIGHLIGHTS
Strategically Located in Automotive Retail Corridor, Major National Retailers Include Toyota, Nissan, Big O Tires, Chevrolet & More
Highly-Visible Strategic Corner Location with Signage; Within Close Proximity to Interstate 5 with 51,328 Vehicles Per Day
Large Lot (.48 AC) with Ample Parking and Convenient Ingress & Egress
9 Years Remaining on Absolute NNN Lease with 4, Five-Year Options with 10% Increases every 5 Years
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282
Copyright ©
CREOP
, LLC. All Rights Reserved.