About This Restaurant
Investment Highlights
Absolute NNN Lease: Tenant is responsible for 100% of all costs, repairs, and maintenance, including roof and structure High-Traffic Location: Across from top 7% performing Stater Bros in the 165 store chain (Placer.ai) Directly Across from Two of the Trade Area?s Most Dominant Grocery Store: Stater Bros. and Cardenas Markets, with other neighboring retailers Favorable Rent Increases of 10% Every 5 Years Allow for Healthy Rent Growth: Nearly $22,000 after 10 years Internet and Recession Resistant Investment: Food service with drive-thru capability is widely regarded as one of the most stable product categories Strong Demographics: Approximately 243,000 people living within 5 miles of the subject property
Executive Summary
Absolute NNN 10-Year Lease | Brand-New Construction | Across From Top 7% Performing Stater Bros. (165 Stores; Placer.ai)
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 925
- Building Class B
- Year Built 2023
- Price 1,810,000
- Price Per SF 1,957
- Cap Rate 5.75
- NOI 104,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.37 AC
| Date Created: | 2024-07-16 04:09:25 | Last Updated: | 2024-07-16 04:09:25 |
| Address: | 170 E 40th St , San Bernardino, California, 92404 | ||