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6228 Walnut Ave Orangevale, CA 95662
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Key Details
Sold Price $500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41005301
Year Built 1958
Lot Size 8,712 Sqft
Property Description
NNN investment with 5 year lease at $3,000/month. 6.0% cap rate! Commercial retail property and current location of Sacramento Smog & Auto Repair. The property was built in 1958 and offers approximately 2,180 square feet of rental space and sits on a 8,670 square foot lot with room for ample parking. The property is being offered with an absolute NNN lease with 5 years term and 2.5% annual rent increases. The owner/tenant will be responsible for all expenses including property tax, interior and exterior maintenance, insurance, and all utilities. All deferred maintenance has been addressed resulting in a stress-free, turn-key, property with zero management responsibilities.
Location
State CA
County Sacramento
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Bought with David Howarth • The Pinza Group, Inc