Listed by Kidder Mathews Seattle, Kidder Matthews
$1,687,500
California Burrito - Seattle
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,290
Net Rentable (SqFt) 1,290
Cap Rate 8.00%
NOI $135,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Price per SqFt $1,308
Buildings 1
Lot Size (SqFt) 15,379
Investment Type Net Lease
Ground Lease No
Single Tenant Absolute Net Leased California Burrito | 8% CAP
Marketing description
Kidder Mathews is pleased to present a a single-tenant net leased California Burrito located in Seattle, Washington. This opportunity features an absolute NNN lease with no landlord responsibilities, and
a recently signed 10-year lease with 3% annual increases.
Investment highlights
- Absolute NNN lease structure with no landlord responsibilities
- Rare in city drive-thru location
- New 10-year lease with 3% annual increases
- Located on a high traffic corner next to Safeway grocer and new Starbucks
- Rainier Beach High School and South Shore Middle School within walking distance
Listing Contacts
Listed by Kidder Mathews Seattle, Kidder Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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