740 Main St Angels Camp, CA 95222-9259
- Retail space
- 1.07 lot acres
Current Use by Public Records
- O'Reilly Auto Parts / Truck Accessories Store / Auto Parts 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,075,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,870,000
- 6.5%
- $1,905,000
- 7%
- $2,205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,215,000
- Geo Method
- $2,180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,155,000
- Retail
- $2,120,000
- Mixed-Use
- $1,830,000
- Hospitality
- $2,250,000
- Educational
- $1,890,000
- Residential Income
- $1,975,000
- Energy
- $2,080,000
- Income-Based Land
- $2,325,000
- Food Service
- $1,855,000
Location Insight
- Map
- Local Demand
- City
- Angels Camp
- County
- Calaveras
- State
- California
- Longitude
- -120.546
- Latitude
- 38.0742