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812 Cecil Ave 3,007 SF Retail Building Delano, CA 93215 $2,057,000 ($684.07/SF) 5.25% Cap Rate
Investment Highlights
- STRONG Performing Sales Location/Healthy Rent vs Sales Ratio (5.15%)
- 145+ Franchisee Lease Guarantee - KFC Franchisee of the Year Award Winner
- NEW 15 year Absolute NNN Lease
Executive Summary
The subject property is located at 812 Cecil Avenue in Delano CA. This KFC is a 3,007 square foot freestanding drive-thru building on a 0.49 acre parcel. This investment
is a new 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8%
increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term.
is a new 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8%
increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,007 SF
Building Class
C
Year Built
1984
Price
$2,057,000
Price Per SF
$684.07
Cap Rate
5.25%
NOI
$108,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.49 AC
Zoning
C1
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 037-180-28-00-3 | Improvements Assessment | $454,972 |
| Land Assessment | $476,518 | Total Assessment | $931,490 |
Property Taxes
Parcel Number
037-180-28-00-3
Land Assessment
$476,518
Improvements Assessment
$454,972
Total Assessment
$931,490
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