8951 Morro Rd., Atascadero, CA
Retail for Sale - $950,000 - 2,990 Sq. Ft. on 0.23 acres
Property Info
| CIMLS# | 1023837 |
| Location 8951 Morro Rd. Atascadero CA 93422 | |
| Updated | September 21st, 2018 |
| Type | Retail |
| Price | $950,000 |
| Building | 2,990 Sq. Ft. |
| Land | 0.23 acres |
Property Description
FREE STANDING COMMERCIAL BUILDING ON A SIGNALIZED CORNER LOT. AMPLE PARKING WITH 18 ON SITE PARKING
SPACES. APPROXIMATELY 3,000 SQ. FEET. GREAT LOCATION NEAR ATASCADERO LAKE PARK. SINGLE TENANT LEASE WITH 4
YEARS REMAINING ON LEASE WITH 3% ANNUAL INCREASE AND OPTION TO RENEW FOR AN ADDITIONAL 5 YEARS.
FINANCIALS AVAILABLE. 5.55 CAP RATE ON EXISTING RENT. TRUE NNN LEASE / 5.78 CAP RATE OVER 4 YEAR TERM.
AVAILABLE FOR $1,000,000