6955 El Camino Real Atascadero CA 93422 | NS19078379

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 +/- 8 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 $526,618 Cap Rate is 5.29% Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.

Property Details

Price:
$9,950,000
MLS #:
NS19078379
Status:
Active
Address:
6955 El Camino Real
Type:
Commercial
City:
Atascadero
Listed Date:
Mar 5, 2019
State:
CA
ZIP:
93422
Year Built:
1980

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