Listed by SRS Real Estate Partners Newport Beach
$5,874,000
Cheddar's | Long Term NNN | Darden Guarantee | Fort Worth
Details
APN 23557M-2-1R2A
Property Type Retail
Sub Type Restaurant
Square Footage 8,379
Cap Rate 6%
NOI $352,440
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.3
Lease Expiration 06/30/2037
Remaining Term 10.9
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2016
Buildings 1
Stories 1
Acreage 2.420
Zoning G - Intensive Commercial
Parking Spaces 177 spaces
Parking per 1,000 SqFt 21.12
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/29/2017
Ground Lease No
Ownership Fee Simple
Retail | 6.00% CAP | 8,379 SqFt
Investment highlights
11 Years Remaining | Strong Investment Grade Corporate Guaranty Annual Rental Increases | Corporate Guranty
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dense Retail Corridor | Near Target Anchored Center | Highly Trafficked Area | Fronting Interstate 820 (111,700 VPD)
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$352,440.00
$29,370.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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