1825 Highland Ave
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1825 Highland Ave
1,063 SF Retail Building National City, CA 91950 $1,675,000 ($1,576/SF) 5.13% Cap Rate
Investment Highlights
- Primary Street Traffic: Over 19,000 vehicles per day
- Traffic lanes: Five including One middle designated turn lane; no medians
- High visibility building signage - Walkability score 78
- Posted Speed Limit: 35 mph
- Visibility: At least 500 feet visibility to the street signage and building
- Median Household Income: Market’s median HH income $57,231 within 5 miles
Executive Summary
- Long Tenured Wienerschnitzel
- Corporate Guaranteed Base Rent Plus Percentage Rent Income Affords Always Receiving Market Rent
- Two Years Remaining On Existing Option With One 5 Year Renewal Option
- $85,952 Income for Year Thru 10/31/2024
- Sale Price: $1,675,000 (5.13% CAP)
- Corporate Guaranteed Base Rent Plus Percentage Rent Income Affords Always Receiving Market Rent
- Two Years Remaining On Existing Option With One 5 Year Renewal Option
- $85,952 Income for Year Thru 10/31/2024
- Sale Price: $1,675,000 (5.13% CAP)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,063 SF
Building Class
C
Year Built
1990
Price
$1,675,000
Price Per SF
$1,576
Cap Rate
5.13%
NOI
$85,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.22 AC
Zoning
1961
Parking
12 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
101 FT on Highland Ave
Amenities
- Signage
- Drive Thru
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 561-171-04 | Improvements Assessment | $199,117 |
Land Assessment | $398,237 | Total Assessment | $597,354 |
PROPERTY TAXES
Parcel Number
561-171-04
Land Assessment
$398,237
Improvements Assessment
$199,117
Total Assessment
$597,354
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1825 Highland Ave
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