Burger King | 802 E Cypress Ave
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Burger King 802 E Cypress Ave
4,148 SF Retail Building Redding, CA 96002 £1,514,119 (£365/SF) 5% Net Initial Yield
Investment Highlights
- Brand New Remodel
- Central Location within Redding, Along I-5
- Absolute NNN Lease
- Large Franchisee
Executive Summary
This absolute NNN Burger King is currently under construction to align with BK’s latest prototype design. Centrally located in Redding, CA—a city of approximately 93,000 residents—the property sits in the heart of Shasta County, serving as the economic and cultural hub of the Shasta Cascade region in Northern California. The property is leased by Norcal Co-Brands, Inc., a well-established Burger King franchisee.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,148 SF
Building Class
C
Year Built
2005
Price
£1,514,119
Price Per SF
£365
Net Initial Yield
5%
NOI
£75,706
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
1.04 AC
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
135 ft on E Cypress Ave
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 107-210-051-000 | Improvements Assessment | £1,048,903 |
| Land Assessment | £613,795 | Total Assessment | £1,662,698 |
PROPERTY TAXES
Parcel Number
107-210-051-000
Land Assessment
£613,795
Improvements Assessment
£1,048,903
Total Assessment
£1,662,698
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Burger King | 802 E Cypress Ave
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