Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners San Diego
$2,467,000
Sonic
Details
APN 219-152-73-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,801
Cap Rate 5%
NOI $123,338
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2032
Remaining Term 6.6
Lease Options 4 (5-Year)
Price per SqFt $1,370
Year Built 2014
Acreage 0.910
Zoning Commercial
Parking Spaces 23 spaces
Parking Per SqFt 12.77
Tenant Credit Franchisee
Lease Commencement 01/01/2013
Ground Lease Yes
Ownership Leased Fee (Land Only)
Retail | 5.00% CAP | 1,801 SqFt
Investment highlights
6+ Years Remaining | Options to Extend | Strong SoCal Operator
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Signalized, Hard Corner Intersection off Hwy 78 (167K+ VPD) |Adjacent to Sprouts Anchored Center (5.6M+ Annual Visits)
Strong Demographics In 5-Mile Trade Area | Affluent Community
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners San Diego
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,338.00
$10,278.17/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Is there information that looks off?
