9750 Highway 53 - Fast Food FOR SALE


Lower Lake, CA 95457
$1,500,000 USD
916-871-2269
9750 Highway 53, Lower Lake, CA for Sale
$1,500,000 USD
Fast Food - FOR SALE
1/22
null | 6.4% Cap Rate

9750 Highway 53
Lower Lake, CA 95457


HIGHLIGHTS

  • Absolute NNN Lease
  • Potential to Increase NOI via Percentage Rent
  • Established KFC / Long John Silver's Location
  • Exposure to 18,000 + Vehicles Per Day

OVERVIEW

ALIVE Commercial Real Estate is pleased to offer this co-branded KFC / Long John Silver's in Lower Lake, CA at an asking price of $1,500,000 / 6.4% Cap Rate. The offering is comprised of a 2,952 SF building with drive-thru situated on a 0.81-acre parcel (both per public records). The lease is Absolute NNN with the current term expiring August 30, 2027. There is 1, 5 year option to follow which includes a 10% increase in rent. The existing 4-unit franchisee has been successfully operating at this location since 2013. KFC / Long John Silver's benefits from exposure of 18,000 + vehicles per day along California Highway 53 as well as its proximity to Clear Lake, which is the largest, natural freshwater lake in California with 68 square miles of surface area. Known as the Bass Capital of the West, Clear Lake supports a wide variety of fish and attracts fishermen and women from across the United States. As a 2023, the population within the Clearlake Area was estimated to be 16,481 people.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$508 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long John Silver's & KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C2

APN/PARCEL ID

024-235-150-000

ASK ABOUT THIS PROPERTY

Patrick FollettALIVE Commercial Real EstateMore Info
916-871-2269

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Patrick FollettALIVE Commercial Real EstateMore Info
916-871-2269

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