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2259 Fremont Street N, Monterey, CA 93940

$5,575,000
Commercial Property MLS# MC16743101 ID: 43800445
$5,575,000 Get Rates

NNN Lease Investment Property on a highly trafficed commercial arterial at a controlled intersection. The Tenant, Big 5, is on a 15-year lease that expires in 2022 with multiple 5-year renewal options thereafter. Currently rent is $27,730 / month NNN (May 2017 thru April of 2022). Site Plan attached to the Lease indicates that the building has 16,611+/- SF but subsequent enclosure of what had been an unenclosed storage dock area makes the building area now 18,413+/- SF. The 29,448 +/- SF lot is irregular (ie. trapezoidal) in shape with 121.3+/- feet of frontage on Fremont Street while having a lot width of 100 feet. Property is zoned C-2. List Price reduced by over $1,000,000 -Seller is motivated and wants to see all offers.

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Location Information near 2259 Fremont Street N
Offered by Steve Tinetti at Tinetti Realty Group

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Property Features for 2259 Fremont Street N
Status
Market Status
Available
Last Updated
August 20, 2017
Description
Property Type
Commercial Property
Year Built
1959
  • Steve Tinetti
  • Tinetti Realty Group

Data Provided by:
California Regional Multiple Listing Service

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More information about this $5,575,000 Commercial Property at 2259 Fremont Street N

This $5,575,000 Commercial Property at 2259 Fremont Street N in Monterey, CA is presented by Steve Tinetti. This $5,575,000 Commercial Property is located in the 93940 zip code. This 2259 Fremont Street N Commercial Property, located in Monterey County , is listed under MLS listing number MC16743101 and has a listing price of $5,575,000. You can find more MONTEREY homes for sale here.