Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$2,995,000
Mr. Crabby's Seafood
Details
Property Type Retail
Sub Type Restaurant
Square Footage 8,218
Cap Rate 6.75%
NOI $202,163
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 07/31/2035
Remaining Term 9.2
Rent Bumps Yes
Class B
Year Built 2006
Zoning C-3 General Commercial
Parking Spaces 87 spaces
Parking Per SqFt 10.59
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2025
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.75% CAP | 8,218 SqFt
Marketing description
• The tenant has over nine years remaining on the initial lease term, demonstrating a strong long-term commitment to the site
• The lease includes a 2.50% annual rent bump, increasing NOI and providing a hedge against inflation
Investment highlights
- Over 9 Years Remaining | Annual Rental Increases
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Part of the Legacy Shopping Center | High Traffic Area | Northwoods Shopping Center
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,163.00
$16,846.92/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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