INVESTMENT HIGHLIGHTS - 20 Year Triple-Net Sale-Leaseback - Corporate Operator 2.00 Percent Annual Rental Increases - Six, Five-Year Tenant Renewal Options - New Equity Sponsor - Existing Management Team that has 32 Years with the Company
Single-Tenant Absolute NNN Walgreens (NADAQ: WBA) Ground Lease; Tenant is Responsible for all Expenses Including Roof and Structure Rare 10% Rental Increases Every 10 Years Including the Initial Term; Next Increase in January 2019 Hard-Corner Signalized Intersection Location; 73,000+ Cars Per Day Established Walgreens Location Built in 2008 with Drive-Thru Convenience Long Term 75 Year Lease; Guaranteed 17+ Years Remaining on Initial 25-Year Term Walgreens is Rated BBB (Investment Grade) by S&P; Extremely Stable and Secure Investment Opportunity #1 Drug Store Company in the Nation; Approximately 8,200 Drugstore Locations
* Leased Fee Interest is subject to a Ground Lease that expires in April of 2021 with all revisionary rights to the Vallarta Supermarket Shopping Center accruing to the fee. * Huge upside in 2021. Projected N.O.I. $1,283,673. * All tenants are sub-tenants of the Leasehold Interest (See Financial Overview Section) * Purchase price does not include the Leasehold Interest. * Present Ground Rent to Fee is $255,582 (See Section 2: Ground Lessor Income ) SALE SUBJECT TO COURT CONFIRMATION (Please download Offering Memorandum) **Deadline for offers is 5:00pm on February 27 2015. (Call Agent for details)
DO NOT DISTURB OR TALK TO TENANT!!! Will consider sale or long term lease. Prime corner lot with existing restaurant. Successful restaurants have operated in this location since the 1960s. This is a rare free standing corner location with exclusive parking. The unique and inviting patio adds approximately 700 sf of dining area to the 2,100 sf building. Lease expires in late 2015 so you can negotiate an extension, re-tenant, be an owner user, re-hab or tear down and re-develop. Rent is under market so cap rate would be 5.2% at market (for older classic restaurants). The corner location allows the possibility of a drive thru.
Prime North Beach 3 Unit Mixed Use commercial building. Ideal for restaurant, retail or office. Great area near the beach, metrolink station, and future development, including outlet mall. Each suite consists of approximately 1,000 SF. Suite A is occuppied by a flourishing restaurant. Owner spent approximately $70,000 in building refurbishment. Suite B & C are vacant and would be ideal for owner/user or can be rented seperate or together with their open floor plan. Large 7,200 SF lot with rear on site parking.
GREAT OPPORTUNITY TO TAKE THIS STORE TO THE NEXT LEVEL. SELLER JUST REMODELED THE WHOLE STORE WITH NEW EQUIPMENT, FLOORING, PAINTING ETC. WITH NO ADVERTISING OR WICK STORE IS DOING $325,000.00 MONTH NEW OWNER CAN APPLY FOR WICK AND DO SOME ADVERTISING THIS STORE WILL DO WELL OVER $500K MONTH EXCELLENT LEASE FOR THIS 18,050SQFT STORE NOW $14,000MO UNTIL 2017 THEN GOES TO $15,000MO UNTIL 2022 THEN $16,000 UNTIL 2027
A beautiful waterfront property right on Pacific Coast Highway, across the street and within short walking distance to the beach. The built-in dock on the water has direct boat and paddle board access to the entire Huntington Harbor. It is currently zoned as Commercial (NEC) with many redevelopment possibilities, such as condos, motels, small electric boat marinas, etc. subject to the city's approval. The previous to the current owner started a boat rental business, renting kayaks, electric duffy boats, stand-up paddle boards, and a boat chartering business. The 872 sq ft building structure has a bed room, a full bath room, a full kitchen and a living room. The lot has 4,924 sq ft (174x154x62). The entire 174 feet of the east side is on the water front with its own private docking slips that are big enough for a 55-ft yacht and a few electric boats. To the north side of the property boundary, there is a small public sand beach right connected to the property which provide very convenient use for the property. On the south side, there is also a short dead-end street (16th St) adjacent to the property that is perfect for safer guest parking off the PCH.
HERE IS A GREAT OPPORTUNITY TO SUCCEED WITH YOUR NEW FOOD CONCEPT, AT A EXCELLENT ANAHEIM HILLS LOCATION. THE DELI CURRENTLY FEATURES QUICK SERVICE EAT IN/ OR TAKE OUT MENU, WITH HOT SUBS, COLD SUBS, AND CREATE YOUR OWN SUB CONCEPT. ALONG WITH OFFERING CATERING FOR LARGE PARTIES, WHICH CAN BE EXPAND WITH A HANDS ON OPERATOR. THIS IS ALL HELP RAN LOCATION PRESENTLY GROSSING APPROX. $15,000 TO $18,000 MONTH AND ONLY $3,701.00 MONTH RENT FOR THIS 1,223 SQ,FT BUILDING MY DRE# 00943174
ESTABLISHED: SINCE 1964 HIGH CLASS FRANCISE FAMILY RESTAURANT E- 2 VISA OK ABC LICENSE : BEER AND WINE PARKING : 50 SEATING CAPACITY: 86 PLEASE CALL LISTING AGENT FOR MORE INFORMATION ( DO NOT DISTURB THE BUSINESS)
Rare opportunity to purchase a beautiful historical/mixed use commercial building (retail down/office up) on one of the best blocks in San Clemente. Property is being operated as full service gross, but could easily be modified to increase the return. Perfect vehicle for that client looking to exchange into a trophy location. Large retail ground floor (could easily be subdivided) plus with basement and 7 offices up. Building and Lot size is per tax records. No onsite parking. Being operated as full service gross. Buyer should evalute return based on stabalized income and CAM with revised NOI versus current operation. Published CAP rate reflects projected income and stabalized NOI.