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40120 Hwy 41
Oakhurst, CA 93644

$320,000 USD

Freestanding Condo For Sale  •  2,500 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 4,825 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1984
  • Tenancy Multiple
  • Zoning PSC
0 Transit Score
53 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit J Retail 2,500 SF $320,000 USD
  • Unit Size: 2,500 SF
  • Condo Use: Retail
  • Price: $320,000 USD
  • Sale Type: Owner User
  • Price/SF: $128.00 USD
Sale Notes
Single-tenant NN leased freestanding retail investment building with long term tenant DBA "Something Special" on a 5-year lease with $50 annual rent increases. The lease rate is very conservative at only $0.94/SF/month, making this a very profitable location. High exposure ±2,500 SF retail building offering ample paved parking on ±0.65 acres in Oakhurst, CA. The property offers an open layout consisting of a large open retail area with rear private offices/restrooms. The property has been well maintained and has a Phoenix coating on the roof, all A/C's are in great condition and have been serviced every 6 months. Located directly behind McDonald's off of CA-41 which carries ±18,757 cars & CA-49 that carries ±12,644 per day. The visibility offers a tremendous draw of traffic from the neighboring schools and neighborhoods. The property provides opportunity with easy access to Freeway CA-41, while being located nearby several retail amenities (shopping and restaurants).

Tenants Business: Something Special has been open & operating for about 7 years. Something Special is a co-op of mountain artist & retailers. Featuring unique hand-crafted items, home decor, custom made jewelry, jewelry repair, one of a kind gifts & more. With an inventory that is constantly changing & expanding this shop will bring endless opportunities to nearby consumers.

Description 

Single-tenant NN leased freestanding retail investment building with long term tenant DBA "Something Special" on a 5-year lease with $50 annual rent increases. The lease rate is very conservative at only $0.94/SF/month, making this a very profitable location. High exposure ±2,500 SF retail building offering ample paved parking on ±0.65 acres in Oakhurst, CA. The property offers an open layout consisting of a large open retail area with rear private offices/restrooms. The property has been well maintained and has a Phoenix coating on the roof, all A/C's are in great condition and have been serviced every 6 months. Located directly behind McDonald's off of CA-41 which carries ±18,757 cars & CA-49 that carries ±12,644 per day. The visibility offers a tremendous draw of traffic from the neighboring schools and neighborhoods. The property provides opportunity with easy access to Freeway CA-41, while being located nearby several retail amenities (shopping and restaurants).

Tenants Business: Something Special has been open & operating for about 7 years. Something Special is a co-op of mountain artist & retailers. Featuring unique hand-crafted items, home decor, custom made jewelry, jewelry repair, one of a kind gifts & more. With an inventory that is constantly changing & expanding this shop will bring endless opportunities to nearby consumers.

Highlights

Fully Leased, Prime Location, High Traffic Area
Experienced Operator, Scheduled Rent Increases
Absolute NN Lease w/ Healthy Annual Increases
Below Market Lease Rate W/ Added Value/Appreciation
Great Visibility | Directly Behind McDonalds
Motivated Seller: Asking Price Is Less Than Assessed Value

Property Flyers

Amenities

  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Jared Ennis 559-705-1000 Central CA Commercial
Jared Ennis 559-705-1000 Central CA Commercial