CarMax
77 Chilpancingo Parkway, Pleasant Hill, CA, USA
INVESTMENT HIGHLIGHTS
• Absolute NNN leased fee interest with no Landlord responsibilities
• Newly constructed (2019) CarMax dealership
• Premier San Francisco Bay Area location
• Stable long-term income stream backed by a Fortune 500 tenant
• 10% rental increases every 5 years provides an excellent hedge against inflation
• Excellent 1031 Exchange opportunity or addition to a portfolio
| FINANCIAL SUMMARY | |
| Offering Price: | $29,500,000 |
| Cap Rate: | 4.75% |
Property Summary
| Site Area | 588,060 SF |
| Year Built | 2017 |
| GLA (SF) | 189,543 SF |
| Anchor | Walmart Supercenter |
| Occupancy | 100% |
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