Listed by Independence Commercial Real Estate, LLC
$652,592
NET LEASED QSR
Details
Property Type Retail, Business for Sale
Sub Type Restaurant, Bar
Square Footage 2,415
Units 29
Cap Rate 8.1%
NOI $52,860
Occupancy 100%
Tenancy Single
Lease Term 10
Lease Expiration 01/31/2032
Remaining Term 5.5
Rent Bumps Yes
Lease Options None
Price per SqFt $270
Year Built 1974
Acreage 0.510
Zoning Commercial
Investment Type Net Lease
Lease Commencement 02/01/2022
Ground Lease No
Net Leased QSR with strong single tenant.
Marketing description
2,415 SF Building on 0.51 Acres
» Dedicated signage
» Good visibility fronting 19th St
» Multiple points of access
» Tenant Operating since 2009
» 19th Street: 12,322 VPD (‘20)
» Park Lake Dr: 3,881 VPD (‘22)
Investment highlights
Cap Rate: 8.1%
Guarantor: Personal Guarantee
Lease Term: 10 Years (2022-2032)
Lease Type: NNN
Rental Increases: 2.5% increases for the first 5 Years, 10% increase in Year 6
2025 NOI $51,660
2026 NOI $52,860
List Price: $652,592
Listing Contacts
Listed by Independence Commercial Real Estate, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,860.00
$4,405.00/mo
Valuation Metrics
0
DSCR
8.1%
Cap Rate
8.1%
ROI
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Property History
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