1321 1st Street

Description

Offered as portfolio sale - please refer to offering memorandum for details. W Commercial is pleased to present the opportunity to acquire 1321 First St and 920-930 Franklin St in Napa, California, affectionately referred to as the Zeller properties, a fully leased core retail investment. The asset consists of two separate retail buildings totaling approx. 7,320 SF (1321 First St. approx. 4,086 SF and 920 Franklin approx. 3,234 SF) across six suites situated on two lots totaling approx. 11,818 SF(.26 Acres). The property is home to six well performing and iconic tenants who have a long tenancy history at the site. Located in the heart of picturesque downtown Napa, the property boasts a prime location on downtown's busiest streets, First St and Franklin St. High foot and vehicle traffic along these corridors create an excellent environment for retail prosperity and have contributed to the success of the existing tenants. This offering presents the opportunity to own a unique, high performing retail product in a submarket with high barriers to entry as well as a stabilized tenant base with a passive ownership structure and 2.65 year WALT. Ownership will begin accepting offers after October 8th.