Listed by Marcus & Millichap - Los Angeles
$1,015,385
Golden Chick - 20YR Sale Leaseback | 7.09% CAP
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,240
Net Rentable (SqFt) 3,240
Cap Rate 7.09%
NOI $72,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Acreage 0.790
Ground Lease No
Retail | 7.09% CAP | 3,240 Priced Below Replacement Cost | 10% Increases Every 5 Years
Marketing description
Brand New 20-Year NNN Lease w/ Zero Landlord Responsibilities | Attractive Rental Increases | Experienced and Growing Regional QSR Operator (13-Units)
Investment highlights
- Located Along One of the 2 Main Thoroughfares in and out of the Heart of Dublin, Also Called SW US Hwy 377, With a Vehicle Count of 5,300 Per Day
- Brand New 20-Year NNN Lease To Begin at Close of Escrow | Rental Increases of 10% Every 5 Years
- Four (4), Five (5) Year Options To Extend Bringing the Potential Term to 40 Years
- Nearby Retailers Include Sonic, DG Market, First National Bank of Dublin, Dairy Queen, Central Inn, Longhorn Auto Sales, and Dollar General
- The Site Underwent a $50,000 Remodel in 2021 Showcasing The Tenant’s Commitm
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,000.00
$6,000.00/mo
Valuation Metrics
0
DSCR
7.09%
Cap Rate
7.09%
ROI
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