Kentucky Fried Chicken |
Seller/Broker: Donald Emas |
14258 US Highway 395 • Adelanto, CA 92301 |
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Investment Highlights |
Status: Available |
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| Price: | $2,181,000 | Last Updated 7/30/2010 |
| Cap Rate: | 6.6% | |
| Price/sf: | $698.59 | |
| Current Annual Rent: | $144,000 | |
| Rent/sf: | $46.12 | |
| Lease Term Remaining: | 20 | |
| Existing financing? | No | |
| Commission Split: | ||
| Additional Info: | ||
| Brand New 20 Year NNN Lease with Options and Increases. New Construction. Surrounded by Many Major Retailers, including CVS, US Bank, Stater Bros, Arco/AMPM and Verizon Wireless. Directly off of Highway 395 with Traffic Counts of Over 30,000 Vehicles Per Day. |
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Lease & Property Information |
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| Lease Type: | NNN |
| Lease Commencement: | 6/1/2010 |
| Lease Expiration: | 6/1/2030 |
| Rent Increases: | 10% Every 5 Years |
| Options: | Four 5-Year Options |
| Property Type: | Restaurant |
| Building Size: | 3,122 |
| Lot Size: | 35,081 Acres |
| Landlord Responsibilities: | |
Market Area
Adelanto offers opportunity in all areas of development, with the potential of being a major industrial employer in the area. With approximately 52 square miles, and its sphere of influence extending to approximately 77 square miles, it’s industrial and commercial market will to capitalize on the tremendous opportunities in the Victor Valley.
With the current explosion of commercial activity taking place in the Victor Valley, many of the national retailers have taken notice of the population growth of recent years. Currently in Adelanto, City Council has approved the development of a Target Center, which anticipates to break ground in early 2010. With that, and the existing Adelanto Marketplace, which anchors one of the top performing Stater Bros. in Southern California, Adelanto looks to profiting from Victor Valley’s commercial and retail market.
Known as the "City of Unlimited Possibilities", Adelantos philosophy looks to be well underway.
Information obtained from www.ci.adelanto.ca.us
Tenant Information
The subject property is a 3,122 square foot Kentucky Fried Chicken Restaurant located on a 35,081 square foot lot. The subject property will be leased to a four unit operator under a brand new 20 year NNN Lease. The Lease will include10% increases every 5 years and four 5-year options to renew. This NNN Lease will provide potential investors with a small amount of responsibility and less demanding management.
The subject property is located off of US Highway 395 which boasts excellent traffic counts of over 30,000 vehicles per day. In 2008, the population in this area was 106,110. The population changed by 73.90% since 2000. It is estimated that the population in your area will be 131,413 five years from now. The property is conveniently located within a collaboration of popular retailers including CVS, US Bank, Stater Brothers, Little Caesars, Denny’s, Carl’s Jr, Del Taco, Arco/AMPM, Rubios, Verizon, Subway, Burger King and more.
Donald Emas - |
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| Marcus & Millichap | Phone: 909.456.3425 |
| Ontario CA |