Listed by Bang Realty, Encore Real Estate Investment Services
$1,150,000
Rally's - Sikeston, MO
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 954
Net Rentable (SqFt) 954
Units 1
Cap Rate 7.00%
NOI $80,000
Occupancy 100%
Tenancy Single
Brand/Tenant Checkers and Rally's
Lease Type Absolute NNN
Lease Term 25
Rent Bumps Yes
Lease Options 4 (5 Year) Options
Year Built 2021
Acreage 0.470
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease No
Sale Condition Sale for leaseback
Absolute NNN | 25 Year Sale Leaseback
Investment highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- 25-Year Sale Leaseback Commencing at Close of Escrow
- Newly Constructed Site Equipped with Outdoor Patio
- Proven Operator with Over 30 Year of Experience in the Industry
- Easily Accessible Featuring a Convenient Double Drive-Thru and Walk-Up Window
- Excellent Visibility with Frontage and Signage Along N Main St Which Has Daily Traffic Counts of 23,220+ Vehicles
- Average Household Income Within a 5-Mile Radius Exceeds $65,370
- Located 1.5 Miles From the Sikeston Memorial Airport
- Checkers and Rally's Operate Over 820 Locations in 28 States
Listing Contacts
Listed by Bang Realty, Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,000.00
$6,666.67/mo
Valuation Metrics
0
DSCR
6.96%
Cap Rate
6.96%
ROI
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