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1255 Airport Park Blvd. Ukiah, CA 95482-7400 1255 Airport Park Blvd

457,816 SF Retail Building Ukiah, CA 95482 £13,545,350 (£30/SF) 6.65% Net Initial Yield

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Investment Highlights

100% Leased Single Tenant Retail Asset
Constructed circa 1995 for existing tenant, a multi-location home improvement center operator.
Attached 5945 +/- Sq Ft retail canopy (Garden Center), separate 41,472 +/- Sq Ft dry storage building, 258 +/- space parking lot.

Absolute NNN Lease, tenant responsible for building shell, roof, all exterior and interior improvements and maintenance.
80,400 +/- Sq Ft bulk retail store, with new 50 year roof, back-up generator, sprinklers, and loading dock.
Total of 10.51 +/- acres with excellent freeway exposure, 700 +/- frontage on Mendocino County's most prominent commercial corridor.

Executive Summary

First time offered for sale since new circa 1995. Constructed 30 +/- years ago for the existing Tenant/Operator with multiple other locations. Prime opportunity to invest in a 100% leased, single-tenant retail asset with a proven, predictable and growing income stream. Constructed and continuously occupied by the existing tenant (Home Improvement Center). Pristine facilities have been consistently maintained and upgraded since new. Improvements include 80,400 +/- sq. ft. Bulk Retail store with new 50 year Gaco-Silicone roof, fire sprinklers, back-up generator, loading dock, and 258 +/- space parking lot. Additional 5,945 +/- sq. ft. retail canopy (Garden Center). Separate 41,472 +/- dry Bulk Storage building with metal roof, sprinklers, and extensive racking system. Nearly 700' of prominent frontage along Mendocino County's largest Commercial Corridor with extraordinary freeway visibility on US Highway 101. Tenant draws loyal clientele from broad, local and regional customer base. Family-owned operator offers a comprehensive selection of value-priced merchandise with an unmatched level of service. 100% absolute NNN Lease; Tenant responsible for maintaining building shell, roof, and grounds as well as all other expenses under typical NNN leases. Current lease term runs through August 31, 2027 with two (2) each 5 year tenant options to extend through August 2037. Lease and Financials available on request to qualified Investors only.

1255 Airport Park Blvd OM