Listed by Upland Real Estate Group Inc
$820,000
Single-Tenant Net Lease Investments
Details
Property Type Retail
Sub Type Restaurant, Drive Thru
Square Footage 1,784
Cap Rate 6.50%
NOI $53,181
Occupancy 100%
Tenancy Single
Brand/Tenant Subway
Price per SqFt $460
Year Built 2002
Buildings 1
Stories 1
Acreage 0.560
Retail | 6.50% CAP | 1,784 SqFt
Marketing description
• Tenant exercising renewal commencing December 2026
• Rental increases of 2% annually
• Net lease structure with tenant reimbursing CAM and real estate taxes
• CAM reimbursement: ~$3.92 PSF ($7,000 annually)
• Real estate tax reimbursement: ~$7.71 PSF ($13,748 annually)
• Established operating location with long-term occupancy history
Investment highlights
• Established Subway location with long-term operating history
• 5-Year lease renewal beginning December 2026
• Attractive entry basis with near-term upside via renewal
• Positioned in a growing trade area
• NEW development coming to adjacent lots including Chipotle and Les Schwab Tires
Listing Contacts
Listed by Upland Real Estate Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,181.00
$4,431.75/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
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Property History
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