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6955 El Camino Real Atascadero, CA

$10,225,000

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Property Description

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 +/- 9 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 $511,280.40

Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity.

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Property Information

  • Address: 6955 El Camino Real, Atascadero, CA 93422. 
  • Price: $10,225,000 
  • MLS #: NS19078379 
  • Year Built: 1980 
  • Listing Courtesy of: Pacifica Commercial Realty 
  • City: Atascadero 
  • Postal Code: 93422 
  • County: San Luis Obispo 

Amenities

  • Cooling: Central Air 
  • Heating: Yes 
  • Heat Source: Central 

Other

  • Description: 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 +/- 9 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 $511,280.40

    Please click on the supplemental link to access the full offering memorandum regarding this investment opportunity. 
  • List Date: March 5, 2019 
  • Status: Active 
  • Directions: Located on the corner of El Camino Real and Hwy 41 

Other

  • Listing Agent State License: 01836854 
  • Listing Office State License: 01382568 

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Based on information from California Regional Multiple Listing Service, Inc. as of December 10th, 2019 at 16:23:29PM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.