25825 Las Vegas Ave - Electric Vehicle Charging Station

Construction to begin soon. Prime Capistrano Beach/ Dana Point location off Pacific Coast Highway at the Doheny Road Exit, directly off the freeway exit when entering into Dana Point off Interstate 5. Triple-Net (NNN) long term lease with National Credit Tenant. The property has been leased to a tenant who will offer electric car chargers for the public and has thousands of electric car charging stations nationwide. This is a terrific long term investment, cap rate and NOI. Charging Stations, Charging equipment to serve electrical vehicles is scheduled to be installed on the site (Tenant Improvements) Great location across from Doheny State Beach in a legacy neighborhood making this a great long term income property and asset hold in an amazing beach community.
The property is offered for $3,700,000
-monthly lease rate is: $20,000
-annual income is: $240,000
-CAP rate is 6.5%
-Annual automatic rental increase: 3%
-tenant is: AAA Rated, National Credit Tenant-Thousands of EV stations nationwide
-property is located at: 25825 Las Vegas Ave, Dana Point, CA
-lease start date was: 12/21/22 ( 18 months ago)
-first months payment was made: 12/21/23-December of 2023 through September of 2024 payments have been made by tenant
-Tenant has paid approx. $200,000 in lease payments as of Sept 21, 2024.
-10 year lease with 2, 5 year extensions
-Project is close to begin construction. All approvals in place. Permits are about to be pulled.
-CD100's, Final Renderings, FEMA & SDGE(San Diego Gas and Electric)approvals in place.
-City of Dana Point to issue Permit soon
Contact me with further questions about this amazing opportunity with an incredible return. Dana Point Land and assets are booming! This is a HOT investment you do not want to miss. Project is close to being construction. All approvals in place. Permits are about to be pulled.
Here is a link to the Dana Point Revitalization plan: https://danapointharbor.com/revitalization/