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101 - 111 Carol Lane, Oakley, CA

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101 - 111 Carol Lane

SEC Main St & Carol Ln
Oakley, CA 94561 - Antioch/Pittsburg Submarket

Property Type:Retail Sub Type:Freestanding Status:Proposed Year Built:-
Building Size:7,200 SF Land Area:.76 AC (33,106 SF)
For Sale Price:$3,813,000 Price/SF:$529.58
Cap Rate:4.75 %
Parking:37 Surface spaces are available; Ratio of 5.13/1,000 SF
Features:Signalized Intersection

Sale Notes:
* Long-Term Lease New twenty (20) year, absolute NNN lease with fixed ten (10%) percent rental increases every five (5) years and one (1) ten (10) year option to renew

* Industry Leading Brand Founded in 1972, Popeyes is the world' s second largest quick-serve chicken concept with over 2,000 company and franchisee operated restaurants

æ% Publically Traded Popeyes Louisiana Kitchen, Inc. (Nasdaq: PLKI) has revenue over $260 million and an estimated market capitalization of $1.27 billion

* Established Franchisee Operator This franchisee is an experienced restaurant operator with 20 Popeyes locations. The lease has a personal guarantee from the franchisee' s principals

* Absolute NNN Lease Single tenant, absolute NNN lease - tenant pays 100% of repairs and maintenance, property taxes and insurance, making this property perfect for passive coupon clipper investors
* Signalized Corner Location The property is located at the SEC of Main Street and Carol Lane, Main Street is the primary street in Oakley with approximately 22,000 cars per day passing the property other tenants in the immediate area include: Raley' s, Goodwill, Starbucks, Wells Fargo, Subway, Bank of the West, Jack in the Box, Taco Bell and many others

* Affluent Demographics $85,600 in a 1-mile radius, $99,600 in a 3-mile radius, and $94,000 in a 5-mile radius

Phil D Voorhees
(949) 725-8521

John Read
(949) 725-8606

Jimmy Slusher
(949) 725-8507

Megan Wood
(949) 725-8423

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