Listed by SRS Real Estate Partners Newport Beach
$1,887,000
KFC | Strong Sales | 10 Yrs NNN | 800+ Unit Guarantor
Details
APN 29-11-307-011, 29-11-307-010, 29-11-307-009, 29-11-307-008, 29-11-307-007 & 29-11-307-006
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,474
Units 1
Cap Rate 6.85%
NOI $129,264
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Wendy's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2035
Remaining Term 9.3
Rent Bumps Yes
Lease Options 2x5 Year
Broker Co-Op Yes
Year Built 1975
Buildings 1
Acreage 0.410
Zoning N/Av,Cook
Parking Spaces 22 spaces
Parking Per SqFt 8.89
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 09/28/2015
Ownership Fee Simple (Land & Building Ownership)
1,100+ Unit Operator (KBP Foods)
Investment highlights
KBP Foods Operator (1,100+ Units) | Approximately 9.5 Years Remaining | Strong Guarantor
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Across From Food 4 Less Anchored Center | Right off I-94 (147,000 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
$129,264.00
$10,772.00/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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