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Kmart - Bishop Shopping Center 1200 Main St 105,729 SF Retail Building Bishop, CA 93514 $9,059,521 CAD ($85.69 CAD/SF) 12.01% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease | No Landlord Obligations
- High Volume Traffic Area
- Tremendous Retail Redevelopment Opportunity
- Dark Free Standing Building
- Excellent Location | Highly visible and easily accessible
- Retail Competitors are 2+ hours away
EXECUTIVE SUMMARY
Tremendous Retail Redevelopment Opportunity:
The subject property is a 105,306 square foot, single tenant Kmart in Bishop, CA, approximately 1 hour outside of Yosemite National Park. The tenant is subject to an absolute NNN lease. The lease calls for zero landlord obligations and the tenant has an additional nine, 5 year options to renew.
This dark freestanding building is situated in the primary retail shopping area for Bishop. Neighboring retailers include Vons, Smart & Final, Denny’s, Starbucks, and many others. This location also benefits from its position on a heavily trafficked thoroughfare.
The subject property is a 105,306 square foot, single tenant Kmart in Bishop, CA, approximately 1 hour outside of Yosemite National Park. The tenant is subject to an absolute NNN lease. The lease calls for zero landlord obligations and the tenant has an additional nine, 5 year options to renew.
This dark freestanding building is situated in the primary retail shopping area for Bishop. Neighboring retailers include Vons, Smart & Final, Denny’s, Starbucks, and many others. This location also benefits from its position on a heavily trafficked thoroughfare.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
105,729 SF
Building Class
B
Year Built
2000
Price
$9,059,521 CAD
Price Per SF
$85.69 CAD
Cap Rate
12.01%
NOI
$1,087,854 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
6.50 AC
Opportunity Zone
Yes
Parking
374 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Kmart
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Kmart | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 008-360-10 | Improvements Assessment | $14,700,899 CAD |
| Land Assessment | $3,082,969 CAD | Total Assessment | $17,783,868 CAD |
PROPERTY TAXES
Parcel Number
008-360-10
Land Assessment
$3,082,969 CAD
Improvements Assessment
$14,700,899 CAD
Total Assessment
$17,783,868 CAD
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Kmart - Bishop Shopping Center | 1200 Main St
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