New 10-Year NNN Lease

Essential CRE is pleased to present the opportunity to acquire the fee simple interest in a single tenant, net leased Enterprise Rent-A-Car in Freedom (Watsonville), CA located in Santa Cruz County. The subject property will be 1,450 square feet and resides on a .95 acre lot with construction slated to be completed in 2025. Enterprise has signed a 10-Year NNN Lease with a annual CPI rent increases (2% Min - 5% Max). The site benefits from excellent exposure and access from Freedom Boulevard in a strong commercial corridor with limited competition in the immediate trade area.

Brand New 10-Year NNN Lease with Annual CPI Increases (2% Min - 5% Max)
International Tenant with Strong Financials and 9,500 Locations Worldwide
25,839 Vehicles Per Day with Excellent Visibility and Access on Primary Commercial Corridor

Freedom, California, is a small unincorporated community in Santa Cruz County. It’s situated in the northern part of the county, close to the city of Santa Cruz. Freedom has a rich history, with its roots going back to the late 19th century when it was primarily an agricultural area. One notable feature of Freedom is its agricultural background. The region has historically been known for its farming, particularly for crops like strawberries and other fruits. Over the years, it has seen growth and development, and while it's small compared to nearby cities like Santa Cruz, it has its own charm.
Watsonville, California, is a city located in Santa Cruz County, about 10 miles east of the Pacific Ocean and approximately 50 miles south of San Jose. It’s a significant hub in the Pajaro Valley, which is renowned for its agricultural output. Besides agriculture, Watsonville has a mix of local businesses and industries. The city also supports a range of services and retail opportunities for residents. The city has a diverse population, with a significant Latino community. This diversity is reflected in the city's cultural events, festivals, and local cuisine. The surrounding region offers beautiful natural landscapes, including nearby beaches and parks. The city is not far from places like the Santa Cruz Beach Boardwalk and other coastal attractions.