7933 Watt Ave Antelope, CA 95843-2000
This exceptional investment opportunity presents a 7,009 square foot, single-tenant retail building located at 7933 Watt Avenue in Antelope, California. The property boasts 265 feet of frontage along Elverta Road, providing excellent visibility and accessibility. Constructed in 2003, this freestanding building is currently leased to O'Reilly Auto Parts, a nationally recognized and creditworthy tenant. The property sits within a Walmart Supercenter-anchored shopping center, ensuring high traffic and convenient customer access. Ample parking is readily available for patrons. The current lease agreement, which commenced in 2002, extends through 2028, with built-in renewal options. This NNN (Net, Net, Net) lease structure minimizes landlord responsibilities and provides predictable, passive income. The lease includes rental increases every five years, offering a hedge against inflation and ensuring consistent growth in cash flow for the property owner. The 0.99-acre lot provides ample space and potential for future development. This is a rare chance to acquire a stable, income-producing asset with a long-term, reputable tenant in a prime retail location. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SC · Antelope, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.