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NNN Leased Restaurant Investment 3965 Phelan Rd 3,176 SF Retail Building Phelan, CA 92371 $1,052,308 ($331.33/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- Sublease to Los Alazanes Mexican Food
- While subleased, the master lease is backed by a highly experienced Pizza Hut franchisee overseeing approximately 80 locations throughout California.
- Opportunity to acquire a fully built restaurant property at a price well below the cost of new construction.
- The master lease includes three 5-year renewal options with rent adjustments to prevailing market rates (FMR).
- Lease remaining term backed by an industry-leading franchise group with decades of operating history.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,176 SF
Building Class
B
Year Built
2004
Price
$1,052,308
Price Per SF
$331.33
Cap Rate
6.50%
NOI
$68,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.42 AC
Zoning
PH/CG
Frontage
170’ on Phelan Rd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Counter-serve, 24/7 operation with a drive-thru providing tacos, burritos & other Mexican standards.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3066-221-30 | Improvements Assessment | $853,080 |
| Land Assessment | $213,269 | Total Assessment | $1,066,349 |
PROPERTY TAXES
Parcel Number
3066-221-30
Land Assessment
$213,269
Improvements Assessment
$853,080
Total Assessment
$1,066,349
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NNN Leased Restaurant Investment | 3965 Phelan Rd
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