1541 East 2nd Street

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1541 East 2nd Street

Beaumont, CA 92223
Asking Price
$12.40M
Cap Rate
6.35%
Asset Type
Storefront Retail
Class
Class B

What's Special

100% Occupancy | 93% National Credit | Outparcel to Dominant Regional Retail Hub <ul><li>​<strong style="color: rgba(0, 0, 0, 1)">Five Below, ULTA, & Shops is a 100% Occupied, 30,518 SF Multi-Tenant Shopping Center Anchored by Best-in-Class National Tenants, ULTA Beauty, and Five Below: </strong><span style="color: rgba(0, 0, 0, 1)">The center was built in 2020 and sits on 4.04 acres in the heart of Beaumont’s dominant retail corridor</span><ul><li>​<strong style="color: rgba(0, 0, 0, 1)">ULTA Beauty (NASDAQ: ULTA):</strong><ul><li>​<span style="color: rgba(0, 0, 0, 1)">ULTA

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NOI
$80,000
Cap Rate
0.65%
DSCR
0.11
Underwater
Cash-on-Cash
-17.64%
Monthly Payment
$61,348.434
Annual Cash Flow
$-656,181.212

Location & Travel Times