NNN Lease on high traffic commercial arterial at a controlled interesection. Tenant (Big 5) is on 15 year lease that expires in 2022 w/ multiple 5 year renewal options thereafter. Current rent is $25,209 / Mo NNN. Rent will adjust to $27,730 / Mo NNN in May 2017 thru April 2022. Site plan attached to the Lease indicates that the bldg has 16,611+/- SF but with enclosure bldg sf is now 18,413+/-SF. The 29,448+/- SF lot is irregular in shape with 100+SF of frontage on Fremont St. Zoned C-2
Full Property Details
Full Property Details for 2259 North Fremont
Sold For: $4,620,000
MLS ID: 17070142
Added: 263 day(s) ago
Lease Terms: Lease Triple Net
Flooring: Other (See Remarks)
Other Features: Other (See Remarks)
Driving Directions: From Hwy 1 take Fremont Street East to Ramona Avenue. Property is at the northwest corner of the intersection of Ramona Avenue and North Fremont Street
Location Details: Public Transportation Nearby, Other (See Remarks)
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Price & Sales History
Price & Sales History for 2259 North Fremont
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2259 North Fremont, Monterey, CA 93940 (MLS# 17070142) is a
Commercial property that was sold at $4,620,000 on November 13, 2017.
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Lease with a Right to Purchase
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