Listed by SRS Real Estate Partners Newport Beach
$2,505,000
KFC | Strong Sales | 10 Yrs NNN | 800+ Unit Guarantor
Details
APN 31-22-400-002
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,116
Units 1
Cap Rate 6.75%
NOI $169,086
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 1971
Year Renovated 2018
Buildings 1
Acreage 0.800
Zoning C-4 [Commercial] Highway Commercial
Parking Spaces 35 spaces
Parking Per SqFt 6.84
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 09/28/2015
Ownership Fee Simple (Land & Building Ownership)
Adjacent to a Huge Planned Development (Market Square Crossing)
Investment highlights
KBP Foods Operator (1,100+ Units) | Approximately 9.5 Years Remaining | Strong Guarantor
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
In Proximity to Strong Retail Corridor | High Traffic Area (34,000 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
$169,086.00
$14,090.50/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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