Listed by SRS Real Estate Partners Newport Beach
$1,585,000
Taco Bell/KFC | 800+ Unit Guarantor | 12 Yrs NNN
Details
APN 323000 103.04-1-25.121
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,625
Units 1
Cap Rate 6.65%
NOI $105,402
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 28.6
Lease Expiration 05/31/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 1999
Year Renovated 2020
Buildings 1
Stories 1
Acreage 0.780
Zoning Commercial (B2)
Parking Spaces 24 spaces
Parking Per SqFt 9.14
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 11/06/2008
Ownership Fee Simple (Land & Building Ownership)
1,100+ Unit Operator
Investment highlights
Over 11 Years Remaining | FQSR, LLC Operator (800+ Units) | Options to Extend
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Immediate Proximity to Multiple National Tenants | Located off Canandaigua Rd/State Highway 5/U.S. Highway 20 (17,500 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
$105,402.00
$8,783.50/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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