Post on 24-Sep-2020
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903www.hlcre.com
Contact:
John Monte(415) 446-4214
john@hlcre.comLic#: 00823693
113 Vintage Way, Novato, CA
• Absolute NNN Lease• High Profile Location with Hwy. 101 Exposure • Best in Class Shopping Center• Seasoned 20 Year Tenant
For Sale: Marin County Oil ChangersNNN Investment
Offering Summary
Asking Price: $2,272,000 $2,780,000CAP Rate: 6.00%Total Building Sq. Ft.: 2,580 +/- sfTotal Land Sq. Ft.: 33,790 +/- sfNNN Income: $136,372
11/28/18
Price Reduced !
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903www.hlcre.com
Contact:
John Monte(415) 446-4214
john@hlcre.comLic#: 00823693
For Sale: Marin County Oil Changers
113 Vintage Way, Novato, CA 94945
Location Description:
This 2,580 +/- sq. ft. building was built in 1998 expressly for the Oil Changers Company. It is next door to a full service car wash and adjacent to Novato Toyota and Kia new car auto dealerships. Oil Changers is part of the large and busy Vintage Oaks Shopping Center, which includes Marin’s only super Costco as well as a Nordstrom Rack, Marshall’s, Ross Dress-for-Less, Target, In and Out Burger, Leslie’s Pool Supply, BevMo and Panera to name a few of the retailers. The Area:
Marin County is one of the most upscale counties in all of California, offering quality of life and beauty. It extends north from the Gold Gate Bridge from San Francisco north to North Novato on the Sonoma County border.
Property Details:
Assessor’s Parcel #: 153-340-22Total Square Feet of Building: 2,580 +/- sq. ft. (CoStar Group is source, agent has not verified square footage)Total Square Feet of Land: 33,790 +/- sq. ft. (.775 acre)Year Constructed: 1995 +/- Type of Construction: Frame and concrete slabRoof Type: TileParking: 5 reserved spacesZoning Designation: PD (Planned District, Vintage Oaks Zoning Plan), Heating & Air Conditioning: NoFlood Zone Designation: Zone AE (An Area Inundated by 100-year flooding)This land covered by the floodwaters of the base flood is the Special Flood Hazard Area (SFHA) on the NFIP maps. The SFHA is the area where the NFIP’s floodplain management regulations must be enforced and the area where the mandatory purchase of flood insurance applies.
Financial Terms:
Sale Price: $2,272,000Sale Terms: All Cash to sellerCAP Rate: 6.00%
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. The prospective purchaser/lessee should independently verify all information.
HL Commercial Real Estate70 Mitchell Blvd., Suite 202 San Rafael, CA 94903www.hlcre.com
Contact:
John Monte(415) 446-4214
john@hlcre.comLic#: 00823693
For Sale: Marin County Oil Changers
113 Vintage Way, Novato, CA 94945
The Tenant:
Oil Changer, Inc. (the “Company”) and its affiliates have developed an automotive fast oil change concept based on convenience, quality, and service. Each of the company’s no-appointment-necessary services is provided on a drive-through basis. The first Oil Changer facility was opened in Northern California in September 1986 and the organization currently consists of 34 facilities in the regions of San Francisco, San Diego, and Fresno. All Oil Changer facilities are located in major California markets because of the tremendous opportunities for growth
provided by these markets. Californians enjoy a deserved reputation for car-consciousness and environmental awareness, and the Company’s convenience and environmental stainability make it an ideal service provider.
Lease Summary:
Tenant Name: Oil Changers Lease Length: Original 20 Years with four (4) 5-year options at 3 year CPIAnnual Base Rent: $136,372.27 ($10,622.93 per month) Lease Commencement: April, 1997 Lease Options: Four (4) consecutive extension options of five (5) years each. First lease option exercised April 8 2017 and expires April 7, 2022. There is a CPI increase every three (3) years not to exceed 9% per year.
For
Sal
e: M
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Oil
Cha
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s
113
Vint
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, Nov
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For
Sal
e: M
arin
Cou
nty
Oil
Cha
nger
s
113
Vint
age
Way
, Nov
ato,
CA
949
45
No
war
rant
y or
repr
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tatio
n, e
xpre
ss o
r im
plie
d, is
mad
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VINTAGE WAY
For
Sal
e: M
arin
Cou
nty
Oil
Cha
nger
s
113
Vint
age
Way
, Nov
ato,
CA
949
45
No
war
rant
y or
repr
esen
tatio
n, e
xpre
ss o
r im
plie
d, is
mad
e as
to th
e ac
cura
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info
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ion
cont
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rein
, and
sam
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sub
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err
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issi
ons,
cha
nge
of p
rice,
rent
al o
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, with
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ospe
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e sh
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ver
ify a
ll in
form
atio
n.
For
Sal
e: M
arin
Cou
nty
Oil
Cha
nger
s
113
Vint
age
Way
, Nov
ato,
CA
949
45
No
war
rant
y or
repr
esen
tatio
n, e
xpre
ss o
r im
plie
d, is
mad
e as
to th
e ac
cura
cy o
f the
info
rmat
ion
cont
aine
d he
rein
, and
sam
e is
sub
mitt
ed s
ubje
ct to
err
ors,
om
issi
ons,
cha
nge
of p
rice,
rent
al o
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her c
ondi
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, with
draw
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ice,
and
to a
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g co
nditi
ons
impo
sed
by o
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rinci
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.Th
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e pu
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inde
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form
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Oil
Chan
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