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Burger King - San Francisco, CA 815 Van Ness Ave 3,401 SF Retail Building San Francisco, CA 94109 $2,690,000 ($790.94/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Drive-Thru in Dense Urban Core: one of the few drive-thru fast food locations in downtown San Francisco
- Single-Tenant NNN Lease: This is an ideal “hands off” NNN opportunity for a passive investor
- › Fee-Simple Investment: Ideal for maximizing bonus depreciation
- Proven Tenant: Burger King has successfully operated at this location since 2011, and is currently hitting percentage rent sales, providing additional
- Scheduled Rental Increases: 10% Rental Increases throughout the lease term and option periods
EXECUTIVE SUMMARY
815 Van Ness Avenue is a single-tenant NNN Burger King uniquely positioned at the ground floor of a high-rise residential building in the heart of San Francisco’s Civic Center corridor. This restaurant is 3,401 SF and includes a fully operational drive-thru, a rare and highly valuable feature in Downtown San Francisco. The tenant has successfully operated at this site since 2011.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
3,401 SF
Year Built/Renovated
1997/2015
Price
$2,690,000
Price Per SF
$790.94
Cap Rate
5.15%
NOI
$138,600
Tenancy
Single
Building Height
1 Story
Zoning
RC-4 - Regional Commercial
Frontage
100’ on Van Ness Avenue
AMENITIES
- Bus Line
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Burger King
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Burger King | Retailer | - | - | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0738-022 | Improvements Assessment | $443,309 |
| Land Assessment | $1,231,423 | Total Assessment | $1,674,732 |
PROPERTY TAXES
Parcel Number
0738-022
Land Assessment
$1,231,423
Improvements Assessment
$443,309
Total Assessment
$1,674,732
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Burger King - San Francisco, CA | 815 Van Ness Ave
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