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$ 4,934,509
Est. payment | /mo
1.26 Acres Lot
$ 4,934,509
Est. payment | /mo
1.26 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26005604
HOA Y/N No
Year Built 1984
Lot Size 1.260 Acres
Property Sub-Type Retail
Property Description
INCOME GENERATING INVESTMENT RETAIL CENTER WITH MINIMAL LANDLORD RESPONSIBILITY - NNN LEASES - We are pleased to offer for sale the fully leased Holt Medical Plaza. The center is currently 100% occupied with long-term leases to Tenants such as Health Service Alliance, a federally qualified health center (FQHC). Offering a compelling combination of strong in-place cash flow, clear upside through continued rent growth with an average of 3-4% annual base rent increases, and strong triple net (NNN) leases insuring expense pass-throughs, this is the ideal investment for a prudent investor seeking a strong ROI, with a high Cap Rate of 5.50%. The subject property sits on 1.26 acres, was built in 1984, and consists of approximately 15,352 SF. There is ample parking with 78 total parking spaces. Holt Medical Plaza is located in a high-traffic area (23,990 Average Daily Traffic Count), surrounded by many national retail brands including a CVS, Dollar Tree, and many others.
Location
State CA
County San Bernardino
Area 685 - Montclair
Zoning Neighborhood edge
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Roof Type Flat
Building
Lot Description Level, Paved, Flat
Story 1
Water Public
Others
Tax ID 1012081040000
Special Listing Condition Standard
Lease Land No
Listed by GURJEET BHATIA Acreage Real Estate 909-606-1505, DRE #01895064
NEARBY SCHOOL & BUSINESS