Absolute NNN retail auto care and repair investment with excellent long-term rental upside with annual increases for the next 12 years. The property is leased to Econo Lube N' Tune, Inc. who two years left on the current lease and then two (2) five (5) year options until 2031. Econo Lube N' Tune, Inc. has over 75 locations across the county and offers a variety of auto care and repair services. They are responsible for all property expenses included taxes, insurance, utilities, and interior/exterior maintenance and repairs. The property was built in 1986 and offers 2,827 square feet of rental space and sits on a 14,810 square foot lot. The location offers great street traffic on Folsom Blvd and is surrounded by nice homes and various restaurants and retail centers.
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|8/29/2020 2:14:00 PM||New Value: $1,250,000|