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First & Franklin 2 Retail Properties Offered at $9,771,440 CAD in Napa, CA
INVESTMENT HIGHLIGHTS
- 100% NNN Lease Structure
- High Entry Barriers
- Expanding Hospitality Base
- Turnkey Core Asset
- Comprehensive Property Upgrades
- Premier Location with Modern Design
EXECUTIVE SUMMARY
W Commercial is pleased to present the opportunity to acquire 1321 First St and 920-930 Franklin St in Napa, California, affectionately referred to as “the Zeller properties”, a fully leased core retail investment. The asset consists of two separate retail buildings totaling 7,320 SF across six suites situated on two lots totaling 11,818 SF(.26 Acres). The property is home to six well performing and iconic tenants who have a long tenancy history at the site.
Located in the heart of picturesque downtown Napa, the property boasts a prime location on downtown’s busiest streets, First St and Franklin St. High foot and vehicle traffic along these corridors create an excellent environment for retail prosperity and have contributed to the success of the existing tenants.
This offering presents the opportunity to own a unique, high performing retail product in a submarket with high barriers to entry as well as a stabilized tenant base with a passive ownership structure and 2.65 year WALT.
Ownership will begin accepting offers after October 8th.
Please do not disturb tenants. Contact agent for showings.
Located in the heart of picturesque downtown Napa, the property boasts a prime location on downtown’s busiest streets, First St and Franklin St. High foot and vehicle traffic along these corridors create an excellent environment for retail prosperity and have contributed to the success of the existing tenants.
This offering presents the opportunity to own a unique, high performing retail product in a submarket with high barriers to entry as well as a stabilized tenant base with a passive ownership structure and 2.65 year WALT.
Ownership will begin accepting offers after October 8th.
Please do not disturb tenants. Contact agent for showings.
PROPERTY FACTS
| Price | $9,771,440 CAD | Number of Properties | 2 |
| Price / SF | $1,335 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.43% | Total Building Size | 7,320 SF |
| Sale Type | Investment NNN | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $9,771,440 CAD |
| Price / SF | $1,335 CAD / SF |
| Cap Rate | 5.43% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,320 SF |
| Total Land Area | 0.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1321 1st St, Napa, CA 94559 | Retail | 4,086 SF | 1950 | - |
| 920-932 Franklin St, Napa, CA 94559 | Retail | 3,234 SF | 1949 | - |
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