2535 North St | Anderson, CA 96007
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2535 North St
Anderson, CA 96007
Burger King · Retail Property For Sale
Investment Highlights
- 2042 Primary Term Expiration
- Brand New Remodel; Absolute NNN
- Large Franchisee
- 10% Increases Every 5 Years
- Proximity to Retail and Interstate-5
Executive Summary
The lease features a primary term expiring in 2042, providing long-term stability for the investor. Additionally, the lease includes a 10% rental increase every five years. In 2023, the property was remodeled to reflect one of Burger King’s latest prototype designs. With an absolute NNN lease in place, the landlord enjoys a fully passive investment. Conveniently located adjacent to the northbound I-5 on-ramp, the property benefits from high visibility and easy access for both local shoppers and interstate travelers. The property is leased by Quikserve Restaurants, Inc., a prominent Burger King franchisee.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,595 SF
Building Class
C
Year Built
2005
Price
£2,549,719
Price Per SF
£709
Net Initial Yield
5.40%
NOI
£137,685
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.78 AC
Parking
21 Spaces (5.8 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 201-340-058-000 | Improvements Assessment | £665,164 |
| Land Assessment | £293,901 | Total Assessment | £959,066 |
PROPERTY TAXES
Parcel Number
201-340-058-000
Land Assessment
£293,901
Improvements Assessment
£665,164
Total Assessment
£959,066
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