23000 Savi Ranch, Yorba Linda, CA 92887
- $10,750,000
- Sold Price
- $10,750,000
- List Price
- $12,290,000
- Closing Date
- Apr 15, 2022
- Status
- CLOSED
- MLS#
- AR21059087
- Year Built
- 1997
- Lot Size
- 161,189
- Acres
- 3.70
- Lot Location
- Lot Over 40000 Sqft
- Days on Market
- 244
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
This is a Corporate Absolute Triple-Net NNN Lease with Best Buy Co., Inc.; No landlord responsibility. Current Cap rate at 5% with Annual Net Operation Income of $618,828. This Best Buy store has been in this location for more than 20 years. Best Buy has been paying full rent payment on time every month since the COVID-19 pandemic with zero default. It is located inside 350,000 square feet Savi Ranch power center, right off the highly traveled CA 91 Freeway, benefiting from high traffic counts with over 273,000 vehicles per day and more than 70,000 people with 3 miles radius with an average income of $156,000. Great Investment! Don't Miss out!
Additional Information
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Katherine Quach (kathy.treeline@gmail.com) from Listing Office: Treeline Realty & Investment.
Listing sold by General NONMEMBER from NONMEMBER MRML
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.