304 Walker St Orland, CA 95963-2200
- Retail space
- 6,500 SF
- 0.58 lot acres
Current Use by Public Records
- Retail space
Property Details for 304 Walker St
- Year built
- 2007
- Construction
- WOOD
- Lot size
- 0.58 lot acres
- Property size
- 6,500 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 041-090-024-000
- APU
- 41090024000
Description
This exceptional investment opportunity presents a fee-simple interest in a 6,500-square-foot Class A O'Reilly Auto Parts building located at 304 E Walker St, Orland, CA 95963. The property sits on a 0.58-acre lot and boasts a 100% occupancy rate with a credit-rated, corporate-guaranteed tenant. The current lease, a Net Lease (NNN) with the landlord responsible only for slab and walls, commenced September 1, 2007, and has a remaining term of approximately 9.4 years, expiring April 30, 2034. A recent 10-year lease extension was executed, securing the property's income stream well into the future. The lease includes a 5% rent increase in year 6, providing built-in growth. The property generates a Net Operating Income (NOI) of $139,090, resulting in a 5.25% cap rate. Built in 2007 with all-block construction, this single-story building enjoys a prime location on a major retail thoroughfare in Orland, experiencing high daily traffic volume from both Walker Street and the proximity to Interstate 5. Nearby businesses include Round Table Pizza, State Farm, and several other national retailers. This is a rare opportunity to acquire a stable, high-performing investment with a strong tenant and significant remaining lease term. The property's location, tenant quality, and lease terms make it an attractive investment for discerning buyers. The asking price is $2,650,000, translating to a price per square foot of $407.69. The lease includes a 1-5 year option.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,135,000
- 6.5%
- $2,255,000
- 7%
- $2,165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,405,000
- Geo Method
- $1,820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,035,000
- Retail
- $2,035,000
- Mixed-Use
- $1,775,000
- Hospitality
- $1,960,000
- Educational
- $2,100,000
- Residential Income
- $2,375,000
- Energy
- $1,835,000
- Income-Based Land
- $2,170,000
- Food Service
- $2,330,000
Location Insight
- Map
- Local Demand
- City
- Orland
- County
- Glenn
- State
- California
- Longitude
- -122.177
- Latitude
- 39.7476
