Listed by SRS Real Estate Partners Newport Beach
$1,105,000
KFC | 8+ Yrs NNN | 800+ Unit Guarantor
Details
APN 16-23-408-001
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,376
Units 1
Cap Rate 7.35%
NOI $81,207
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Wendy's
Lease Type Absolute NNN
Lease Term 23
Lease Expiration 03/31/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 1997
Year Renovated 2021
Buildings 1
Acreage 0.340
Zoning MIL
Parking Spaces 22 spaces
Parking Per SqFt 9.26
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/01/2011
Ownership Fee Simple (Land & Building Ownership)
Access to I-280
Investment highlights
FQSR, LLC Manages Operations (800+ Units) | Approximately 8 Years Remaining | Large National Operator
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located off Interstate 280 (24,500 VPD) | Positioned to Service Interstate Travelers
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
$81,207.00
$6,767.25/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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