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Sav•Mor Foods | Corning, CA 590 Solano St

32,000 SF Retail Building Corning, CA 96021 $7,400,000 ($231/SF) 7% Cap Rate

Retail Space California Corning 590 Solano St, Corning, CA 96021

Investment Highlights

  • Single-Tenant NNN Corporate Sav•Mor Foods; North State Grocery, Inc. | 15 years remaining on 20-year lease | 1.5% annual increases
  • Large 2.59 Acre, Self-Maintained Lot; Ample Parking
  • Growing California City: 25 Minutes from Chico and 90 Minutes from Sacramento
  • 2019 Construction; High Quality Steel Construction
  • Prime Location on Solano Street with Access to Interstate 5 and State Route 99

Executive Summary

15-Year NNN Lease | Top-Performing Sales Location in Chain | High Quality Pride of Ownership Construction | Strong Credit Regional Grocer

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
32,000 SF
Building Class
C
Year Built
2019
Price
$7,400,000
Price Per SF
$231
Cap Rate
7%
NOI
$517,957
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Land Acres
2.59 AC
Zoning
C - commercial
Parking
118 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
251 FT on Solano Street

Links

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590 Solano St, Corning, CA - aerial map view - Image1
590 Solano St, Corning, CA - aerial map view - Image2

PROPERTY TAXES

Parcel Number 073-010-071-000 Improvements Assessment $5,055,306
Land Assessment $360,901 Total Assessment $5,416,207

PROPERTY TAXES

Parcel Number
073-010-071-000
Land Assessment
$360,901
Improvements Assessment
$5,055,306
Total Assessment
$5,416,207
(949) 585-7610

  • Listing ID: 32973399

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 590 Solano St, Corning, CA 96021

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590 Solano St, Corning, CA for sale Building Photo- Image 1 of 5
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590 Solano St, Corning, CA for sale Aerial- Image 3 of 5
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Sav•Mor Foods | Corning, CA | 590 Solano St
(949) 585-7610 x

Sav•Mor Foods | Corning, CA | 590 Solano St

Alexander Moore

(949) 585-7610

(949) 585-7610

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