1243 Old Steese Hwy - Restaurant FOR SALE


Fairbanks, AK 99701
$3,000,000 USD
780-974-1278
1243 Old Steese Hwy, Fairbanks, AK for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/16
null | 7.67% Cap Rate

1243 Old Steese Hwy
Fairbanks, AK 99701


HIGHLIGHTS

  • 7.67% Cap Rate
  • NNN Triple Net, ideal for passive investor
  • Long-term tenant

OVERVIEW

A rare opportunity to privately acquire a premier commercial retail building located at a high-traffic corridor in Fairbanks, AK. This property features an exceptional 22-year historical track record of continuous restaurant operations at this location. Operating under an absolute Triple-Net (NNN) lease structure, this asset demands zero landlord management overhead or maintenance responsibilities, making it a perfect turnkey vehicle for passive investors or 1031 exchange buyers. The massive 1.3 acre lot yields a rare 10.57:1 land-to-building ratio, providing excellent parking support for peak operational hours and maintaining high underlying land value.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

7.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

116

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

GU-1 General Use

APN/PARCEL ID

709182

ASK ABOUT THIS PROPERTY

Karen ParasynchukTiro Food Services Ltd.More Info
780-974-1278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Karen ParasynchukTiro Food Services Ltd.More Info
780-974-1278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.