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Browse More Listings in Retail For Sale, Anchorage, AK or Alaska

Retail Property For Sale

Lone Star Steakhouse & Saloon | High Sales!

4810 C Street, Anchorage, AK 99503

Price:
$3,237,600
Building Size:
10,769 SF
Price/SF:
$300.64
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
8.50%
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 10/21/2009 Listing ID 16238172

Highlights

100% Absolute Net Leased Asset- Fee Simple Interest
Annual 2% Increases
Rare Anchorage, Alaska Net Leased Opportunity

$133m Net Worth
180 Location Operation- Corporate Lease
$332m in Annual Sales

Description

The property is a single tenant net leased asset occupied by Lone Star Steakhouse & Saloon on a 15 year absolute net lease. The lease calls for no landlord obligations and is backed by LSF5 Cactus (the operating company of 180 Lone Star Steakhouse & Saloon Restaurants). There are 2% annual rent increases and two 5 year renewal options.

The asset is located in Anchorage, Alaska.

Financial Summary

Actual
Year
2009
Net Operating Income
$275,196

Map of 4810 C Street, Anchorage, AK 99503 (Anchorage County)

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Presented by

The Kase Group

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Contact Listing Broker

Lindsey Lantis (831) 566-6270

Tom Hoban (425) 339-3638

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Created 5/14/2009

Additional Information for 4810 C Street, Anchorage, AK 99503

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Vehicle Related
Sold 2Q 2005
Service/Gas Station
Sold 3Q 2006
Day Care Facility/Nursery
Sold 4Q 2007
Retail (Other)
Sold 3Q 2008
Retail (Other)
Sold 2Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Lone Star Steakhouse & Saloon | High Sales!

4810 C Street, Anchorage, AK, 99503