515 N 11th Ave
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515 N 11th Ave
5,880 SF Retail Building Hanford, CA 93230 £1,521,840 (£259/SF) 5.25% Net Initial Yield
Executive Summary
Approximately 13 years remaining with an excellent tenant. Whether purchasing the American Tire Depot (“ATD”) portfolio in its entirety or a smaller cluster of retail outlets, this is a rare opportunity to own long term NNN investment properties in excellent trade areas.
Occupied by Big Brand Tire & Service and American Tire Depot as an exceptional tenant for over 15 years, the company was founded in 1969 and has become a leading automotive service provider in California. Headquartered in Moorpark, California, Big Brand Tire & Service is now the 8th largest independent tire and service operator in the United States, with over 160 service centers in growing markets. After a series of recent acquisitions, including American Tire Depot, Tire World, Purcell Tire & Service Retail Centers, Integrity Tire, C&R Tire, S&S Tire & Auto Service, 55 Inc., Brian’s Tire and Auto, and Community Tire Pros, Big Brand is looking accelerate its growth even more, continuing to add new locations, enhance customer service and culture for its team members, and invest in scalable digital infrastructure.
Occupied by Big Brand Tire & Service and American Tire Depot as an exceptional tenant for over 15 years, the company was founded in 1969 and has become a leading automotive service provider in California. Headquartered in Moorpark, California, Big Brand Tire & Service is now the 8th largest independent tire and service operator in the United States, with over 160 service centers in growing markets. After a series of recent acquisitions, including American Tire Depot, Tire World, Purcell Tire & Service Retail Centers, Integrity Tire, C&R Tire, S&S Tire & Auto Service, 55 Inc., Brian’s Tire and Auto, and Community Tire Pros, Big Brand is looking accelerate its growth even more, continuing to add new locations, enhance customer service and culture for its team members, and invest in scalable digital infrastructure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,880 SF
Building Class
C
Year Built
2000
Price
£1,521,840
Price Per SF
£259
Net Initial Yield
5.25%
NOI
£79,897
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Lot Size
0.48 AC
Zoning
MXC
Parking
20 Spaces (3.4 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 010-510-006-000 | Improvements Assessment | £619,325 |
| Land Assessment | £449,255 | Total Assessment | £1,068,579 |
PROPERTY TAXES
Parcel Number
010-510-006-000
Land Assessment
£449,255
Improvements Assessment
£619,325
Total Assessment
£1,068,579
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515 N 11th Ave
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