812 Cecil Ave - Fast Food FOR SALE


Delano, CA 93215
$2,057,000 USD
425-829-9091
812 Cecil Ave, Delano, CA for Sale
$2,057,000 USD
Fast Food - FOR SALE
1/2
null | 5.25% Cap Rate

812 Cecil Ave
Delano, CA 93215


HIGHLIGHTS

  • STRONG Performing Sales Location/Healthy Rent vs Sales Ratio (5.15%)
  • NEW 15 year Absolute NNN Lease
  • 145+ Franchisee Lease Guarantee - KFC Franchisee of the Year Award Winner

OVERVIEW

The subject property is located at 812 Cecil Avenue in Delano CA. This KFC is a 3,007 square foot freestanding drive-thru building on a 0.49 acre parcel. This investment is a new 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8% increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term.

FOR SALE DETAILS

PRICE

$2,057,000 USD

PRICE/SF

$629 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,527 SF

ZONING

C1

APN/PARCEL ID

037-180-28-00-3

ASK ABOUT THIS PROPERTY

Aaron HinesMarcus & MillichapMore Info
425-829-9091

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Aaron HinesMarcus & MillichapMore Info
425-829-9091

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