6955 El Camino Real Atascadero CA 93422 | MLS NS19078379

6955 El Camino Real
Atascadero, CA, 93422
$9,950,000
Beds
Baths
0 SqFt
0 Acres
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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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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