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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Data Provided by:
California Regional Multiple Listing Service