Listed by SRS Real Estate Partners Newport Beach
$1,535,000
KFC | 800+ Unit Operator | Near $117MM Mall Redevelopment
Details
APN 12-111C- A-007
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,485
Units 1
Cap Rate 7.25%
NOI $111,320
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 02/29/2032
Remaining Term 5.7
Rent Bumps Yes
Lease Options 2x5 Year
Broker Co-Op Yes
Year Built 2006
Year Renovated 2016
Buildings 1
Stories 1
Acreage 1.000
Zoning BG - General Business District
Parking Spaces 65 spaces
Parking Per SqFt 26.16
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/02/2012
Ownership Fee Simple
Absolute NNN | 840+ Unit Guarantor
Investment highlights
KBP Foods Operator (1,100+ Units) | Approximately 6 years remaining | Strong Guarantor
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Immediate Proximity to Multiple Shopping Centers | Signalized Hard Corner | Located off I-75 (145,000 VPD)
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,320.00
$9,276.67/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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