Sav Mor

Retail: Freestanding

570 Solano St, CorningCA 96021

Property Details

Location

Address
570 Solano St, CorningCA 96021
County
Tehama
Submarket
Parcels
073-010-067-000, 073-010-071-000
Cross Street
Pear St

Building Size

Building Size
32,000 SF

Building Details

Type
 Retail: Freestanding
Number of Buildings
1
Number of Units
1
Occupancy Type
Single Tenant
Number of Tenants
1
Building Class
Building Status
Existing
Floors
1
Year Built
2019
Sprinklers
Primary Const.
Metal
Parking Ratio
Water Frontage
Not present

Land & Utilities

Land (Acres)
2.59 Acres
Land (SF)
112,820 SF
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

SavMor

$7,000,000
Cap Rate: 6.6%

FREESTANDING SAV-MOR IS HIGHLY DEDICATED TO THE SITE WITH BRAND NEW 20-YEAR LEASE AND NEW BUILDING, HAVING RESIDED AT THE PREMISES FOR 30+ YEARS.​

• Brand new, high quality Clear Span construction.

• Property has operated as a Grocery Store for 50+ years with a brand new 20-year lease.

• Annual rent bumps increase yield an estimated 136 basis points over the primary term.

• New construction doubled the prior store’s footprint, now 32,000 SF.

• NNN Lease with limited landlord responsibilities.

• Located on main thoroughfare in Corning, CA, 1.5 miles from I-5.

FREESTANDING SAV-MOR IS HIGHLY DEDICATED TO THE SITE WITH BRAND NEW 20-YEAR LEASE AND NEW BUILDING, HAVING RESIDED AT THE PREMISES FOR 30+ YEARS.​

• Brand new, high quality Clear Span construction.

• Property has operated as a Grocery Store for 50+ years with a brand new 20-year lease.

• Annual rent bumps increase yield an estimated 136 basis points over the primary term.

• New construction doubled the prior store’s footprint, now 32,000 SF.

• NNN Lease with limited landlord responsibilities.

• Located on main thoroughfare in Corning, CA, 1.5 miles from I-5.

View Details
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BROKER

Source: CBA

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