This one is astounding! Triple Net Property of the Property of the Week Located in California Central Coastal town.

Many of you like the concept of Triple Net Investing, but are not prepared for the high initial price of most offerings.This property has just come to my attention. With an asking price of $395,000 it is about 25% of the normal entry level property!

The investment offers a beginning cap rate of 4.29% with annual CPI increases. The lease has 84 years to run. Since it is a ground lease, there are no landlord responsibilities. If you have any questions, or if this does not quite fit your needs, our experts can suggest other investment properties and replacement properties to fit your unique investment needs.

Details
Property Type: Retail
Lease Type: Absolute NNN
Tenancy: Single
Lease Term: 100.1 years
Lease Commencement: 01/15/2002
Lease Expiration: 01/14/2102
Remaining Term: 83.3 years
Square Footage: 2,800
Price/Sq Ft: $141.07
Cap Rate: 4.29%
NOI: $16,928
Lot Size:  (acres)0.09
APN064-113-028

Offered at $395,000, this is an excellent opportunity to purchase an absolute NNN investment property at a very attractive price point, with replaceable rent, zero landlord responsibilities, located just 150 ft from the Pacific Ocean (low downside risk).

Investment Highlights
  • Single Tenant Absolute NNN Lease – Zero Landlord Responsibilities
  • Rare 100 Year Ground Lease – 84 Years Remaining
  • Inflation Hedge – Annual CPI Increases
  • Replaceable Rent – Low Downside Risk
  • Offered at $395,000 – Very Attractive Price Point
  • Located Next to the Cayucos Pier – Steps from the Pacific Ocean
  • Highway One Realty – Long Term Operating History – Open Since 1/15/2003
  • Cayucos, CA (San Luis Obispo County) – Resort Beach Town
  • Just North of Morro Bay, CA – Wide Range of Lodging & Entertainment Options
  • San Luis Obispo MSA – Attractive Real Estate Fundamentals
  • Significant Barriers to Entry – Extremely Low Vacancies of 3.5%

Click here to learn more about Triple Net Properties

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