In-Place Rents are significantly below-market. All leases are NNN with annual rent increases |
Market Rent NOI is $519,145 and Market Rent Cap Rate is 8.25% |
Hollister is on the upswing with new home construction, new Amazon Hub, etc. Easy drive to Silicon Valley and Monterey Bay |
Shadow-anchored by McDonalds, adjacent to US Post Office & across from DMV and Taco Bell with Starbucks nearby |
141 Parking Spaces resulting in 5.2 spaces per 1000 SF |
Highly desirable small unit sizes at the property which can accommodate a wide variety of uses |