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Lincoln Tire 808 W Lincoln Ave 4,140 SF Retail Building Anaheim, CA 92805 $3,710,146 CAD ($896.17 CAD/SF) 5.27% Cap Rate
INVESTMENT HIGHLIGHTS
- Orange County STNL Investment - located in Downtown Anaheim, the property benefits from a dense surrounding population
- Improving Returns – Due to embedded increases (2% per year), the Net Operating Income is projected to increase more than $30,000 (21%)
- Disneyland Proximity – The property benefits from its location just 1.5 miles from Disneyland
- Long Term NNN Lease – Lincoln Tire operates under a 15-year NNN lease (expiring September 2036)
- Revitalized Downtown Location – touted as being amongst OC’s most walkable (86 Walk Score), livable (1,200 units within ½ mile) & social areas
EXECUTIVE SUMMARY
* Orange County STNL Investment – Few STNL assets come to market in infill Orange County, making this NNN leased Lincoln Tire a rare and compelling retail investment opportunity. Strategically located in Downtown Anaheim, the property benefits from a dense surrounding population and proximity to attractions like Disneyland and Anaheim ICE
* Long Term NNN Lease – Lincoln Tire operates under a 15-year NNN lease (expiring September 2036), providing an excellent low management, low hassle opportunity for passive investors
* Improving Returns – Due to embedded increases (2% per year), the Net Operating Income is projected to increase more than $30,000 (21%) over the anticipated hold period, providing a strong inflationary hedge compared to many “flat” STNL investments
* Revitalized Downtown Location – Downtown Anaheim has received several accolades and awards and is often touted as being amongst Orange County’s most walkable (86 Walk Score), livable (1,200 units within ½ mile) and social areas making it a magnet for locals and tourists alike
* Disneyland Proximity – The property benefits from its location just 1.5 miles from Disneyland and Disney’s California Adventure, which host over 27,000,000 annual visitors
* Long Term NNN Lease – Lincoln Tire operates under a 15-year NNN lease (expiring September 2036), providing an excellent low management, low hassle opportunity for passive investors
* Improving Returns – Due to embedded increases (2% per year), the Net Operating Income is projected to increase more than $30,000 (21%) over the anticipated hold period, providing a strong inflationary hedge compared to many “flat” STNL investments
* Revitalized Downtown Location – Downtown Anaheim has received several accolades and awards and is often touted as being amongst Orange County’s most walkable (86 Walk Score), livable (1,200 units within ½ mile) and social areas making it a magnet for locals and tourists alike
* Disneyland Proximity – The property benefits from its location just 1.5 miles from Disneyland and Disney’s California Adventure, which host over 27,000,000 annual visitors
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,140 SF
Building Class
B
Year Built
1977
Price
$3,710,146 CAD
Price Per SF
$896.17 CAD
Cap Rate
5.27%
NOI
$195,525 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.37 AC
Zoning
C-2 - COMMERCIAL
Parking
17 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 036-113-27 | Improvements Assessment | $1,482,356 CAD |
| Land Assessment | $1,171,038 CAD | Total Assessment | $2,653,394 CAD |
PROPERTY TAXES
Parcel Number
036-113-27
Land Assessment
$1,171,038 CAD
Improvements Assessment
$1,482,356 CAD
Total Assessment
$2,653,394 CAD
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Lincoln Tire | 808 W Lincoln Ave
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