Listed by SRS Real Estate Partners Newport Beach, Compass Commercial Real Estate
$1,998,000
Mel's Diner
Details
Property Type Retail
Sub Type Restaurant
Square Footage 6,312
Cap Rate 6.5%
NOI $129,892
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/30/2029
Remaining Term 3.1
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 2005
Year Renovated 2017
Acreage 1.000
Zoning P-D, Planned Development District
Investment Type Net Lease
Lease Commencement 08/31/2019
Ground Lease No
Retail | 6.50% CAP | 6,312 SqFt
Investment highlights
- 10-Year Lease | 2% Annual Rent Increases | Absolute NNN | Low Rent Fee Simple Ownership | Zero Landlord Responsibilities
- Personal Guarantee | Established Operator
- Pad to Top Performing Walmart Anchored Center |High Traffic Retail Street
- Prime Antioch Retail Corridor | All Anchors Nearby Rank In The Top Percentile Nationwide
- Highly Affluent Bay Area Demographics
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, Compass Commercial Real Estate
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
$129,892.00
$10,824.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
