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9750 Highway 53 - Long John Silver's & KFC, Lower Lake, CA

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9750 Highway 53 - Long John Silver's & KFC

Lower Lake, CA 95457

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:2,952 SF Land Area:.81 AC (35,284 SF)
For Sale Price:$1,675,000 Price/SF:$567.41
Cap Rate:6.25 %

Sale Notes:
This location has operated as a KFC and Long John Silver' s since it was constructed in 2005. The rent-to-sales ratio at this property is healthy, at approximately 8.5 percent. The strong sales volume creates additional revenue for the landlord through percentage rent. There are approximately 9.5 years remaining on the lease.

Twelve and a half percent rental increases every five years in addition to percentage rent should allow the income stream generated from the subject property to keep pace with inflationary pressure. This property offers
investors an opportunity to own a hassle-free, triple-net property with a long-term lease in a proven Northern California location.

Marcus & Millichap Inc
Edward Nelson
(916) 724-1326

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