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130 Whitcomb Ave 7,744 SF 100% Leased Retail Building Colfax, CA 95713 $1,995,000 ($257.62/SF) 5.83% Cap Rate
INVESTMENT HIGHLIGHTS
- RARE ANNUAL INCREASES: Both tenants leases feature annual increases, providing a landlord with a strong hedge against inflation.
- WELL BELOW MARKET RENTS: Market Rent in Colfax, CA can be as much as ±$28/SF per Costar.com. This building is collecting ±$15.02/SF
- EARLY LEASE EXTENSION: Fitness 4 Life just recently exercised a 7-year extension to their lease making it run concurrent to Napa until December 2031.
- NNN LEASE STRUCTURE: Both leases call for the tenant to be responsible for all maintenance and repairs, perfect for a buyer looking to place capital
- ZERO AUTO PARTS COMPETITION: Napa is the only corporate operated auto parts store within a ±10-mile radius.
- FORMER RIEBES AUTO PARTS: In 2022, Riebes Auto Parts was acquired by Genuine Parts Company as a strategic plan to expand North California operations.
EXECUTIVE SUMMARY
Broker of Record
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,744 SF
Building Class
B
Year Built
1978
Price
$1,995,000
Price Per SF
$257.62
Cap Rate
5.83%
NOI
$116,309
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.91 AC
Parking
50 Spaces (6.46 Spaces per 1,000 SF Leased)
Frontage
167’ on WHITCOMB
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 100-230-057 | Improvements Assessment | $781,092 |
| Land Assessment | $268,600 | Total Assessment | $1,049,692 |
PROPERTY TAXES
Parcel Number
100-230-057
Land Assessment
$268,600
Improvements Assessment
$781,092
Total Assessment
$1,049,692
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130 Whitcomb Ave
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