Updated Oct 29, 2024
Valvoline Instant Oil Change Signs 15-Year Triple Net Lease In Garden Grove
9041 Trask Ave Garden Grove, CA 92844, USA
$26
$26/SF
Building Size
3,750 SF
Asset Type
Retail
Closing
Jun 12, 2023
About this deal
AI
The retail property located at 9041 Trask Avenue in Garden Grove has been leased. The property spans a lot size of 25,205 square feet.
Summary of transaction details
- Property Type: Retail
- Lease Term: 15 Year Lease with Four, 5 Year Options
- Asking Rent: $2.6 per square foot
- Square Footage: 3,750
The landlord for this lease is Dr. Hai Nguyen. The tenant is Valvoline Instant Oil Change. The lease negotiation was facilitated by Gabriel Talasazan of Beverly & Company, representing both the landlord and the tenant. This dual representation allowed for a smooth transaction. Additionally, this lease agreement is a national chain triple net lease.
Notable neighboring tenants include In and Out Burger, Starbucks Coffee, and Shell Gas, providing a high level of visibility and foot traffic to the leased property.
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
610115.38%
Cash-on-Cash
-174372.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93