CountySan Luis Obispo
Property TypeCommercial Sale
Property Sub TypeOffice
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.
San Luis Obispo
MLS Area Major
ATSC - Atascadero
Property Sub Type
Special Listing Conditions
Net Operating Income
Lot Size Source
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