About This Restaurant
Investment Highlights
Over 11 Years Remaining | Options To Extend | Scheduled Rental Increases Florin Towne Centre (250,000 SF) | State Highway 99 |Delta Shores (923,000 SF) | Primary Retail Corridor Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, Taco Bell investment property located in Sacramento, CA. The tenant, Engen Ventures, Inc, has over 11 years remaining on their current lease term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,240
- Building Class B
- Year Built/Renovated 1989/2010
- Price 2,258,000
- Price Per SF 1,008
- Cap Rate 4.65
- NOI 105,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 0.52 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Property Taxes
Parcel Number | 118-0062-023 | Improvements Assessment | $416,160 |
Land Assessment | $1,456,560 | Total Assessment | $1,872,720 |
Date Created: | 2024-07-16 04:09:23 | Last Updated: | 2024-07-16 04:09:23 |
Address: | 4651 Mack Rd , Sacramento, California, 95823 |