740 Main St Angels Camp, CA 95222-9259
- Retail space
- 1.07 lot acres
Sep 23, 2021
Current Use by Public Records
- O'Reilly Auto Parts / Motorcycle Parts Store / Trailer Supply Store
Property Details for 740 Main St
- Lot size
- 1.07 lot acres
- Property type
- Retail space
- APN
- 060-014-037-000
- APU
- 60014037000
Description
This exceptional investment opportunity presents a 7,086 square foot O'Reilly Auto Parts store located at 740 S Main St, Angels Camp, CA 95222. The property sits on a 29,100 square foot lot and benefits from a strong absolute NNN lease with a corporate guarantee, ensuring consistent cash flow. The current lease extends to December 31, 2034, offering a substantial remaining term of 10.1 years. Rent increases are built in, with a 7.5% bump every five years, providing built-in protection against inflation. The property boasts a compelling 5.51% cap rate and a net operating income (NOI) of $134,064. This single-tenant retail property is ideally situated along a main corridor in Angels Camp, Calaveras County, near the Sierra Foothills, offering excellent visibility and accessibility. The lease includes five 5-year options, providing long-term stability and potential for future growth. This is a rare opportunity to acquire a high-quality, passively managed investment with a blue-chip tenant and significant remaining lease term. The property is categorized as both an auto shop and storefront.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,075,000
- ML approach
- $2,065,000
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Location Insight
- Map
- Local Demand
- City
- Angels Camp
- County
- Calaveras
- State
- California
- Longitude
- -120.546
- Latitude
- 38.0742