1452 Mendocino Ave - Fast Food FOR SALE


Santa Rosa, CA 95401- Junior College
$4,149,000 USD
214-561-6004
1452 Mendocino Ave, Santa Rosa, CA for Sale
$4,149,000 USD
Fast Food - FOR SALE
1/9
null | Request Cap Rate

1452 Mendocino Ave
Santa Rosa, CA 95401
Junior College


HIGHLIGHTS

  • 7+ Years Remaining | Options To Extend | Scheduled Increases | Top Performing Brand Location | Below Market Rent
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Near On/Off Ramps U.S. Hwy 101 (120,500 VPD) | National Retailers Adjacent To Santa Rosa Junior College (15,000+ Students)
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base Affluent Northern California Suburb

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, Chick-fil-A investment property located in Santa Rosa, California. The tenant has over 7 years remaining on its lease with 7 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,149,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | Corporate Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

CG: Commercial General

APN/PARCEL ID

180-490-012

ASK ABOUT THIS PROPERTY

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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