Triple net investments For Sale | Triple Net / Sale | Retail

400 East 17th Street . East Side Costa Mesa , CA 92627

For sale Valvoline. Fee-simple interest (land & building ownership) in a freestanding, single tenant, absolute NNN, Valvoline investment property located in Costa Mesa, CA. For additional information regarding this transaction , please contact the listing agent, Walseth, Michael michael.walseth@e.kidder.com (949) 400-4261

Posted: 07/06/2021 11:08 am | On HOMEiZ: 1024 days | Updated: 2 years ago | Views: 1489

Location Map

Property Type

Sold

Property Price

$3109000
$3109000
07/06/2021

Property Location & Description

For sale Valvoline. Fee-simple interest (land & building ownership) in a freestanding, single tenant, absolute NNN, Valvoline investment property located in Costa Mesa, CA. For additional information regarding this transaction , please contact the listing agent, Walseth, Michael michael.walseth@e.kidder.com (949) 400-4261
The subject site is strategically located directly across from Ralphs Grocery, several high end retail centers, popular restaurants, and other national and local retailers including: Sprouts, Target, Vons, Rite-Aid, CVS, Surfside, Staples, Ulta Beauty, Cafe Rio, Playa Mesa, Wild Goose, Mendocino Farms, Starbucks, Sidecar Doughnuts, Shirley’s Bagels, Pitfire Pizza, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for Valvoline. The 5-mile trade area boasts a population of 288,088 residents and 289,159 employees, within a 1-mile trade area the average household income is an affluent $175,948.

Tenant Information

National Tenants (Public company)
1,170
Ba3
2.35 billion in 2020
As of July 05, 2021 is $5.89B
Lexington, KY

Tenancy Type

Single
Yes
1

Corporate Overview

VVV

Property Overview

2017
Very good
Exist
1703
0.22 Acres
1701 Sq. Ft.
Off-street
No
C-1
1

Income

Contact listing agent%
$1826
4.50%
$139905
No Data%
1.25%
Tenant

Lease overview

No
10
(1) 4.5 Year Options
No Data%
Do not know
No
Tenant
Yes

Lease Guarantor

Cooperate

Lease Structure

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Sewer System (Public)

Investment Overview

Investor

Ownership Overview

Fee simple absolute

Property Highlights

More information

Listing Info

Listing ID: 2792
Sold

For Sale

$3,109,000

Listing Presented by

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