Bang Realty -California Inc
Listed by Bang Realty, Bang Realty -California Inc
$1,790,000
17010 Harper Ave
Details
APN 21003793
Property Type Retail
Sub Type Restaurant
Square Footage 2,983
Cap Rate 6.25%
NOI $112,000
Tenancy Single
Lease Type NNN
Lease Term 20
Remaining Term 19
Rent Bumps Yes
Lease Options 6, five year options to renew
Year Built 1983
Stories 1
Lot Size (SqFt) 23,522
Zoning B-4
Parking Spaces 28 spaces
Parking per 1,000 SqFt 9.39
Investment Type Net Lease
Ownership Fee Simple
Retail | 6.25% CAP | 2,983 SqFt
Marketing description
As exclusive sales agents BANG Realty is proud to represent this single tenant, NET Lease investment opportunity. The tenant is in a high visibility location in Detroit, MI.
Investment highlights
- Lease Guarantor - Res Management LLC
- Tenant - WM Limited Partnership LLC
- Initial term 20 years
- 19+ years remaining on the initial lease
- 6, five year options to renew
- Website: wendys.com
- Number of locations nationwide: 5790+
- Current NOI $112,000 per year
- Years in business: 56+
- Asking Price $1,790,000
- Cap Rate 6.25%
- Lease Type NNN
- Ownership Fee Simple
- Base Rent $112,000
- Guarantor
- Tenant WM Limited Partnership
- Term Remaining 19+ years
- Options to Renew 6, 5 year options
- Rent Increases Lesser of 1.25% annually or CPI
- Option Increases Lesser of 1.25% annually or CPI
- Property Tax Tenant
- Property Maintenance Tenant
- Property Insurance Tenant
Listing Contacts
Bang Realty -California Inc
Listed by Bang Realty, Bang Realty -California Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,000.00
$9,333.33/mo
Valuation Metrics
0
DSCR
6.26%
Cap Rate
6.26%
ROI
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Property History
Tax History
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