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Long John Silver's & KFC 9750 Highway 53

2,952 SF Retail Building Lower Lake, CA 95457 £1,322,341 (£448/SF) 6.29% Net Initial Yield

Investment Highlights

  • Absolute NNN lease-ZERO Landlord responsibilities
  • Lease includes a percentage rent clause of 8.5% which tenant has triggered in past years
  • Situated just .50 miles from Lower Lake High School and Lower Lake Elementary School
  • Attractive 12.5% fixed rent increases every 5 years
  • Property Offers excellent frontage onto U.S. Highway 53

Executive Summary

Unique opportunity to acquire a single tenant investment property in Northern California. The existing lease is absolute NNN, not requiring any landlord responsibilities. The lease also offers attractive fixed rent increases of 12.5% every 5 years versus a percentage rent clause equal to 8.5% gross sales.

Attachments

KFC & LJS Restaurant-Lower Lake, CA OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,952 SF
Building Class
C
Year Built
2005
Price
£1,322,341
Price Per SF
£448
Net Initial Yield
6.29%
NOI
£83,184
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.81 AC
Zoning
C2
Parking
33 Spaces (11.18 Spaces per 1,000 SF Leased)
Frontage
174 ft on Highway 53

Amenities

  • Corner Lot
1 of 1

PROPERTY TAXES

Parcel Number 024-235-150-000 Improvements Assessment £1,099,654
Land Assessment £349,134 Total Assessment £1,448,788

PROPERTY TAXES

Parcel Number
024-235-150-000
Land Assessment
£349,134
Improvements Assessment
£1,099,654
Total Assessment
£1,448,788
(650) 279-5790

Contact

  • Listing ID: 31979302

  • Date on Market: 31/05/2024

  • Last Updated:

  • Address: 9750 Highway 53, Lower Lake, CA 95457

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9750 Highway 53, Lower Lake, CA for sale Building Photo- Image 1 of 9
Lower Lake KFC Exterior Photo #3
9750 Highway 53, Lower Lake, CA for sale Building Photo- Image 2 of 9
Lower Lake KFC Exterior Photo #4
9750 Highway 53, Lower Lake, CA for sale Building Photo- Image 3 of 9
Lower Lake KFC Subject Photo for Financial Summary Page
9750 Highway 53, Lower Lake, CA for sale Building Photo- Image 4 of 9
Lower Lake KFC Exterior Photo #1
9750 Highway 53, Lower Lake, CA for sale Building Photo- Image 5 of 9
Lower Lake KFC Exterior Photo #7
9750 Highway 53, Lower Lake, CA for sale Building Photo- Image 6 of 9
Lower Lake KFC Interior Photo #3
9750 Highway 53, Lower Lake, CA for sale Interior Photo- Image 7 of 9
Lower Lake KFC Interior Photo #2
9750 Highway 53, Lower Lake, CA for sale Interior Photo- Image 8 of 9
Lower Lake KFC Interior Photo #1

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© 2024 CoStar Group

Long John Silver's & KFC | 9750 Highway 53
(650) 279-5790 x

Long John Silver's & KFC | 9750 Highway 53

Steve Sauter

(650) 279-5790

(650) 279-5790

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