High quality single tenant net lease (STNL) investment located on the Central Coast. Triple Net Corporate Lease with First Choice Physician Partners, a subsidiary of Tenet Healthcare Corporation, and guaranteed by Twin Cities Community Hospital, Inc. 10-Year initial lease term with +/- 9 years remaining with fixed 3% annual increases to the Base Rent. Property was extensively renovated in 2017/18 and is ideally located on the corner of El Camino Real and State Route 41 where two major arterial roadways connect making it one of Atascadero's most important intersections in the City. Current Net Operating Income (in-Place) is $511,280.40 Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.

  • MLS# NS19078379
  • Style IQWeb_Office Bldg
  • Sub-Type Resale
  • Status Active
  • Year 1980
  • Days On Site 75
SQ Feet 15,091
Story(s) 0
Listing Provided By:
Corban Holland  of  Pacifica Commercial Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $10,225,000
2,043.61%
$477,000 in 93422
this listing 15,091 SqFt
1,223.77%
1,140 SqFt in 93422
this listing $678 $/SqFt
61.93%
$418 $/SqFt in 93422
this listing 75 on site
127.27%
33 on site in 93422

Location

State CA
County San Luis Obispo
City Atascadero
Zip Code 93422
Area ATSC - Atascadero

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