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100% Occupied NNN Center -Hollister Gateway 191 San Felipe Rd
27,371 SF Retail Building Hollister, CA 95023 $6,295,000 ($230/SF) 5.75% Cap Rate
Investment Highlights
- In-Place Rents are significantly below-market. All leases are NNN with annual rent increases
- Hollister is on the upswing with new home construction, new Amazon Hub, etc. Easy drive to Silicon Valley and Monterey Bay
- 141 Parking Spaces resulting in 5.2 spaces per 1000 SF
- Market Rent NOI is $519,145 and Market Rent Cap Rate is 8.25%
- Shadow-anchored by McDonalds, adjacent to US Post Office & across from DMV and Taco Bell with Starbucks nearby
- Highly desirable small unit sizes at the property which can accommodate a wide variety of uses
Executive Summary
•In-Place Rents are significantly below-market
•Highly desirable small unit sizes at the property which can accommodate a wide variety of uses
•Nice diversification of uses/tenants at the property (Medical, Restaurant, Office, Service, etc.)
•High-traffic retail center with limited nearby competition/supply
•Shadow-anchored by McDonalds and adjacent to US Post Office
•Across the street from DMV and Taco Bell with Starbucks nearby
•Close to Downtown Hollister, etc.
•Well-maintained retail center with no deferred maintenance (Roof replaced recently)
•Easy driving distance to the Bay Area and Monterey.
•All leases are NNN with annual rent increases
•Within 2 miles of new regional Amazon distribution hub
•Professionally managed property
•Easy access to State Route 25 and State Route 156
•North Gateway zoning district
•New Residential Communities located in North Hollister:
-The Lanes
-The Knolls - Sold Out
-The Meadow
-Maple Park - Sold Out
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
The future holds great promise for Straw Hat Pizza. Once again they have a new look, new buildings, colors and logos but it has retained its commitment to guest service, quality, cleanliness, and of course, its genuine California crust pizza, Hot Hats and Salad Bar. People of all ages still drive many miles to visit them. It is growing each year with a renewed commitment to nationally-recognized marketing programs, which have seen success throughout the chain, and its purchasing programs are second to none. In authentic California spirit, “Their future’s so bright, they gotta wear shades!” They are proud to be a true California pioneer, and a California icon. They're thankful to serve you. Thanks for visiting their web site. You are invited to enjoy a genuine pizza soon!
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 051-090-011-000 | Improvements Assessment | $2,703,110 |
| Land Assessment | $1,300,000 | Total Assessment | $4,003,110 |
PROPERTY TAXES
-
Jeff Davi -
Power Broker Anthony Davi -
KW Commercial
Presented by
100% Occupied NNN Center -Hollister Gateway | 191 San Felipe Rd
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