Listed by SRS Real Estate Partners Newport Beach
$1,007,000
Short-term KFC | 800+ Unit Guarantor
Details
APN 931-53607-017
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,176
Units 1
Cap Rate 8%
NOI $80,520
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes, KFC
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 12/31/2029
Remaining Term 3.6
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 1999
Year Renovated 2019
Buildings 1
Acreage 0.760
Zoning Commercial (B2)
Parking Spaces 36 spaces
Parking Per SqFt 11.34
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/28/2004
Ownership Fee Simple
1,100+ Unit Operator
Investment highlights
FQSR, LLC Operator (800+ Units) | Approximately 4 Years Remaining | Strong Guarantor
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Proximity to Saracen Casino ($250MM expansion underway) and Multiple Shopping Centers
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,520.00
$6,710.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
