3965 Phelan Rd - Restaurant FOR SALE
Phelan, CA 92371 |
$1,052,308 USD
858-222-3333
3965 Phelan Rd
Phelan, CA 92371
HIGHLIGHTS
- Absolute NNN Lease: A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- Opportunity to acquire a fully built restaurant property at a price well below the cost of new construction.
- Sublease to Los Alazanes Mexican Food
- The master lease includes three 5-year renewal options with rent adjustments to prevailing market rates (FMR).
- While subleased, the master lease is backed by a highly experienced Pizza Hut franchisee overseeing approximately 80 locations throughout California.
- Lease remaining term backed by an industry-leading franchise group with decades of operating history.
FOR SALE DETAILS
PRICE
$1,052,308 USD
PRICE/SF
$331 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NNN Leased Restaurant Investment
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,465 SF
ZONING
Commercial (C)
APN/PARCEL ID
3066-221-30
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858-222-3333
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858-222-3333
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