Savers | Corp NNN w/ Incrs | NYSE: SVV
23,580 SF | Retail Building | Antioch, CA 94509 | $5,895,000 ($250/SF) | 6.40% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,895,000
- Property Type
-
Retail
- Square Feet
- 23,580 SF
- Price / Square Foot
- $250
Listing Contacts
Jeff Gates
Verified Profile
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Savers Value Village investment property located in Antioch, CA (San Francisco MSA). The tenant, TVI Inc., recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor.
Property Details
- Class
- B
- Year Built/Renovated
- 1977/2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 159,430 SF
Highlights
- Corporate Guaranteed (NYSE: SVV) | Brand New 10-Year Lease | Scheduled Rent Increases | Options to Extend
- Across From Somersville Towne Center | Dense Retail Corridor
- Located Along Somersville Road | State Highway 4 (160,000 VPD) |Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area | Six Figure Incomes
- NNN Investment | Fee Simple Ownership | Zero Landlord Responsibilities
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