Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Corporate Headquarters
$1,500,000
Former Starbucks
Details
APN 0000-22-02S-11E-3-019-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,225
Cap Rate 8.33%
NOI $125,000
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 07/31/2033
Remaining Term 7
Rent Bumps Yes
Year Built 2023
Acreage 0.680
Zoning C-2: Highway Commercial
Parking Spaces 29 spaces
Parking per 1,000 SqFt 13.03
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/02/2023
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.33% CAP | 2,225 SqFt
Investment highlights
- Dark But Paying | 8+ Years Of Firm Term Remaining | Drive-Thru Equipped
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized Intersection | High Performing Travel Center |Across From Walmart | Reba’s Place
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Corporate Headquarters
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
8.33%
Cap Rate
8.33%
ROI
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