48079 Grapefruit Blvd - Fast Food FOR SALE
Coachella, CA 92236 |
$2,642,000 USD
949-230-1487
48079 Grapefruit Blvd
Coachella, CA 92236
HIGHLIGHTS
- Brand New 20-Year SLB | Strong Sales | Healthy Rent to Sales | Scheduled Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- 130+ Golf Courses in Coachella Valley | 8 Min to Coachella Music Festival
- Adjacent to Proposed Hotel Development (250 Rooms) | 5 Min to Spotlight Casino
- 48,000 CPD Intersection | Direct Freeway Access
- Strong Demographics in 5-mile Trade Area
OVERVIEW
• Tenant will sign a brand new 20-year lease at the close of escrow with 4 (5-year) option periods to extend
• Strong Sales. Healthy rent to sales ratio - contact agent for details
• Lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period
• New Prototype Burger King building with Drive-Thru
FOR SALE DETAILS
PRICE
$2,642,000 USD
PRICE/SF
$911 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King | New 20yr Abs NNN w/ Incrs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,155 SF
ZONING
C-G
APN/PARCEL ID
603-220-059
ASK ABOUT THIS PROPERTY
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949-230-1487
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949-230-1487
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