Cash-flowing Downtown Napa Investment Property
$18,500,000
1122 - 1146 Main Street, Napa, CA 94559
For Sale
Retail
Street Retail
Pending
Last Updated: 09/07/2024
1,162,108
NOI
20,590 sqft
Building Size
Details:
NOI: $1,162,108
Building Size: 20,590 sqft
Lot Area: 0.63 acres
Occupancy: 100%
Class: A
Year Built: 1886 & 1940
Price Per Sqft: $898
Tenancy: Multiple
Year Last Renovated: 2017
Investment Strategy: Core
Highlights:
- Rare Opportunity: First time on the market in 20 years, presenting a unique chance for investors to acquire a sought-after property in Napa, CA.
- High Demand Location: Napa boasts a high barrier to entry with very few properties becoming available, indicating the desirability of this location.
- Anchored by Cole's Chop House: The property is anchored by Cole's Chophouse, a well-established and high-performing restaurant, ensuring steady foot traffic and sales.
- Historic Charm: Featuring historic architecture, the property adds character and appeal, enhancing its attractiveness to visitors and tenants alike.
- Generational Investment: Represents a generational opportunity for buyers looking to invest in Napa Valley's wine country, a region renowned for its tourism and wine industry.
- Wine Country Appeal: Offers buyers the chance to buy into the prestigious Napa Valley wine country, tapping into its allure and economic potential.
- Appellation List: Provides an appellation list similar to nearby tenants, showcasing the property's association with Napa Valley's renowned wine culture.
- Tenant Stability: Long-term occupancy with 5 of 7 tenants occupying space for 7+ years, providing stability and consistent rental income.
- Prime Investment: The property's location and potential make it a prime area for investment, promising significant returns for savvy investors.
- New Roof & Exterior Paint Refresh: Recently installed a brand new roof in 2017 and full exterior paint in 2023, ensuring the property's structural integrity and reducing maintenance costs.
Description:
Rare opportunity to acquire a passive cash flowing investment property in downtown Napa consisting of 7 tenants. Anchored by Cole's Chop House, the property sits on the corner of Main St & Pearl St and attracts many locals and tourists year round.
Documents:
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1122-1146_Main_St_-_Napa_CA_-_Encore_W_MP.pdf
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