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33195289
33195293

1572 Mohawk Blvd, Springfield, OR 97477

JV
OR 200608030
NNNet Advisors
Listed by NNNet Advisors
$3,982,300
9 days on market
Updated 3 days ago

Dave's Hot Chicken 1572 Mohawk Blvd.

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,915
Cap Rate 5.65%
NOI $225,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options Four (5 year) options to extend
Year Built 2025
Lot Size (SqFt) 32,670
Investment Type Sale/Leaseback
Ownership Fee Simple

High Volume Dave's 20 year NNN Sale Leaseback

Marketing description

NNNet Advisors is pleased to offer the opportunity to acquire a Single Tenant Net Leased Investment located in Springfield, Oregon. This is a newly constructed Dave's Hot Chicken. The Seller/Operator is the #1 Dave's Franchisee in the system with over 10 stores open and/or in development in Oregon and SW Washington. The Franchisee is very well established as a multi-unit Franchisee of Carl's Jr., Jersey Mike's, The Human Bean and Hawaiian Bros with over 100 units in operation. The investment will commence with a new 20 year triple net lease at closing. The site benefits from excellent visibility and frontage on the corner of Mohawk Blvd. and 17th Street. The property is surrounded by dense residential population in the main retail hub of eastern Springfield trade area.

Investment highlights

  • New 20 Year Lease at CLosing
  • New Construction
  • Absolute NNN Lease
  • Strong performing sales

Listing Contacts

JV
OR 200608030
NNNet Advisors
Listed by NNNet Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,000.00
$18,750.00/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
ROI

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Additional Information

Name
Josh Veentjer
License
200608030
Brokerage
NNNet Advisors
Brokerage Phone
8007916320
Title
Managing Partner
Brokerage Address
101 Southwest Madison Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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