711 N El Camino Real

San Clemente

$1,100,000
Commercial / Office

AGENTS

Douglas Elliman

Property Description

No hassle Investment property. Prime San Clemente Retail, in redevelopment area. Pure NNN lease 2.5 years remaining with (one) 5 year option to extend. Current rent will increase 09/01/05 to CPI or 150.00 per month, whichever is greater. Would bring GSI/NOI to $56,112 yielding a 5.10% cap rate. Subject to cancellation of current escrow.. Location:Retail Frontage.
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PROPERTY DETAILS

  • Property Type
    Commercial / Office
  • Year Built
    1960
  • MLS/Listing ID
    CC198777
  • Days On Market
    6,654

Amenities

  • Terrace
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Listing Courtesy of Douglas Elliman