26712 Portola Pky - Restaurant FOR SALE
Foothill Ranch, CA 92610 |
26712 Portola Pky
Foothill Ranch, CA 92610
HIGHLIGHTS
- Very clean, well maintained NNN Denny's Investment. - Tenant/Franchisee guaranteed Lease.
- This Orange County NNN property is in a prime location and has over 9 years left on the Initial Lease Term.
- After Initial Lease Term, tenant has two 10 year options to renew.
- Located in vibrant Foothill Ranch Towne Center - along with Target, McDonalds, Islands, In-N-Out, etc
- Tenant responsible for payment of current property taxes of $8,800. However, new buyer/landlord will be responsible for any increases in property tax
- Current rent is $13,265/mo. Rent increases by 2% annually, however increases shall not increase annual rent above 10% of Tenant’s “Gross Sales” .
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Denny's Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
5500
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
612-092-09
