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Cash-flowing Downtown Napa Investment Property

$18,500,000

1122 - 1146 Main Street, Napa, CA 94559

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.

Map:
Documents:
Title
1122-1146_Main_St_-_Napa_CA_-_Encore_W_MP.pdf
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Location
Gallery