Listed by SRS Real Estate Partners Newport Beach
$1,760,000
KFC | 13 Years NNN | 800+ Unit Guarantor
Details
APN Q6511-024.000-068
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,972
Units 1
Cap Rate 7%
NOI $123,200
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes, KFC
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2038
Remaining Term 12
Rent Bumps Yes
Lease Options 5x5 Year
Broker Co-Op Yes
Year Built 2018
Buildings 1
Stories 1
Acreage 0.540
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/01/2018
Ownership Fee Simple (Land & Building Ownership)
1,100+ Unit Operator
Investment highlights
KBP Foods Operator (1,100+ Units) | Approximately 12.5 Years Remaining | Strong Guarantor
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
In Proximity to multiple National/Credit Tenants | Annual Sales Reported
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
$123,200.00
$10,266.67/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Tax History
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