Property Details

LA-Z-BOY Furniture

Temecula, CA
Property ID: 13723

Financial Summary

Asking Price $1,338,000
Cap Rate 11.00%
Net Operating Income (NOI) $147,216
Lease Type NNN
Lease Term Remaining 5 Years
Increases 5% Every 5 Years

Offering Memorandum

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Contact

Christopher E. Maling
Principal - Retail Capital Markets
213.618.3824
David Maling
Principal
213.618.3825

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Highlights

  • Seasoned Location: opened & operating successfully since 2004
  • Lender owned REO sale
  • Single tenant NNN lease
  • Free & clear of debt
  • High yield leasehold interest
  • Favorable tax benefits with 100% depreciation plus additional cost segregation (consult your CPA) benefits
  • Average household income within 5-mile radius is $99,189
  • Desirable Temecula location with 192,263 people within a 5-mile radius and ±43,130 VPD on Margarita Road
  • 12% increases every 5 years with options to extend

Location

40551 Margarita Road
Temecula, CA

Amanda WillisLA-Z-BOY Furniture