GMC

 

2100 First Street | Simi Valley, California | 93065

$5,050,000

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ABOUT

  • Year Built: 1988
  • Type: Retail
  • Cap Rate: 6.00%
  • Bldg Size: 16,507 Sq Ft
  • Lot Size: 84,942 Sq Ft

Agents

 

ADDITIONAL INFORMATION

  • Single Tenant NNN Lease
  • 25 Year Master Lease with GM Backed Entity
  • Located on First Street in the Simi Valley Auto Center
  • 254 ft of Frontage on First Street

Built in 1988, the Subject Property is a 16,507 square foot Buick-GMC dealership located on First Street in Simi Valley. Situated on a 1.95 acre lot with 254 feet of frontage, this dealership is part of the Simi Valley Auto Center and enjoys excellent visibility from the over 37,000 cars per day that exit and enter the First Street 118 freeway on/off ramp. Master leased by a subsidiary of General Motors Company (NYSE:GM), the tenant executed a lease with an lease term of 25 years that has 15 years remaining. This in-place lease is an absolute NNN with no landlord responsibilities and has rent increases every 5 years, with the next increase scheduled for October 2016.

 
 
Clark Everitt, William Everitt, Single Tenant, RetailZachary KrasmanNot Featured