Listed by SRS Real Estate Partners Newport Beach
$2,738,000
Top Ranked Burger King in LA | $3.3MM in Sales | 14 Yrs NNN
Details
APN 20475300
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,789
Units 1
Cap Rate 5.75%
NOI $157,410
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2039
Remaining Term 13.6
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Class A
Year Built 1996
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.670
Zoning C-1 (General Commercial)
Parking Spaces 20 spaces
Parking Per SqFt 7.17
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 01/01/2025
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
6.05% Effective CAP Rate (Percentage Rent being Hit)
Investment highlights
Recently Executed 15-Year Lease | 10% Rental Increases | Established National Brand | GPS Hospitality (475+ Locations)
Attractive Yield with Percentage Rent Upside
Signalized Hard Corner | ~30K VPD | Dominant Retail Corridor
#1 in Louisiana | Top 3% nationwide | $3.3M+ annual sales
Double Drive-Thru Configuration | Recently Renovated Building
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
1 Mile From Major Demand Drivers | University + Healthcare
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,410.00
$13,117.50/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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