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
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