200 Serra Way Suite 44 Milpitas, CA 95035 P E W
408.123.4567 info@www.growwithus.today www.growwithus.today
RETAIL: PROPERTY FOR SALE
Church’s Chicken
15 Year NNN Lease
3701 MacDonald Avenue, Richmond, CA 94805
Prepared for:
John Doe John Doe 866 S. State St, Suite IV #379 San Francisco, CA 10001 P 415.1234.567 E hello@churchchicken.com
Proposal Issued: 06.05.2015 Proposal Valid to: 08.30.2015
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BRIEF —
THE FACTS:
2
Price:
$504,000
Building Size:
1,780 SF
Price/SF:
$283.15
Property Type:
Retail
Property Subtype:
Restaurant
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
5%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1979
Lot Size:
0.18 AC
APN / Parcel ID:
571201008
Listing ID:
19037230
Last Updated
6 days ago
DESCRIPTION Transwestern is proud to offer a single tenant net leased Church’ s Chicken located at 3701 MacDonald Avenue in Richmond, California. The subject property is 1,780 square feet and resides on 9,822 square feet of land at the signalized intersection of MacDonald Avenue and 37th Street. Built in 1979, the existing structure has served as a fast food restaurant at this location for over 35 years. Fifteen (15) years remain on a twenty (20) year absolute NNN lease with two five year options and five percent (5%) increases every five (5) years. Tenant is responsible for roof and structure along with all operating expenses. The subject property is ideally positioned between a dense residential neighborhood and a Target anchored shopping center adjacent to Interstate 80. National retailers in the immediate trade area include Citibank, Panda Express, Sally Beauty, Wells Fargo and WingStop.
THE HIGHLIGHTS 15 Years Remaining on 20 Year Absolute NNN Lease 110+ Unit Operator | National Franchisee, Royal Capital, Corp. Highly Visible Location at Signalized Intersection with Pylon Signage Within Close Proximity to Target Anchored Shopping Center and Interstate 80
THE FINANCIAL SUMMARY Net Operating Income
ACTUAL: $25,200
MAJOR TENANT INFORMATION Royal Capital, Corporation
Lease End Date: 11/1/2029
3
200 Serra Way Suite 44 Milpitas, CA 95035 P E W
408.123.4567 info@www.growwithus.today www.growwithus.today