Listed by Lee Realty Group
$1,695,000
Starbucks Drive Thru Long Term Base Rent
Details
APN 006-460-26
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 779
Units 1
Cap Rate 3.56%
NOI $60,345
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 15.3
Lease Expiration 04/29/2035
Remaining Term 8.9
Lease Options 2055
Pro-Forma Cap Rate 6.31%
Pro-Forma NOI $106,905
Broker Co-Op Yes
Year Built 1990
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.440
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/30/2020
Occupancy Date 01/30/2020
Ground Lease No
Sale Condition 1031 exchange
Retail | 3.56% CAP
Marketing description
For Sale
Listing Contacts
Listed by Lee Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,345.00
$5,028.75/mo
Valuation Metrics
0
DSCR
3.56%
Cap Rate
3.56%
ROI
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