2259 Fremont Street

  • Monterey

  • $5,575,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
NNN Lease Investment Property on a highly trafficed commercial arterial at a controlled intersection. The Tenant, Big 5, is on a 15-year lease that expires in 2022 with multiple 5-year renewal options thereafter. Currently rent is $27,730 / month NNN (May 2017 thru April of 2022). Site Plan attached to the Lease indicates that the building has 16,611+/- SF but subsequent enclosure of what had been an unenclosed storage dock area makes the building area now 18,413+/- SF. The 29,448 +/- SF lot is irregular (ie. trapezoidal) in shape with 121.3+/- feet of frontage on Fremont Street while having a lot width of 100 feet. Property is zoned C-2. List Price reduced by over $1,000,000 -Seller is motivated and wants to see all offers.
Essential
MLS #MC16743101
Price Per SqFt$302.78
Sub-TypeRetail
CountyMonterey
StateCA
StatusPending
Sale TypeStandard
Number Of Units1
Number Of Buildings1
Building StatusExisting
Land UseRetail
Listing BrokerageTinetti Realty Group
Listing AgentSteve Tinetti
Listing Agent BRE #00475070

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, November 1, 2017. 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.