200 E Prater Way - Fast Food FOR SALE


Sparks, NV 89431
$4,395,900 USD
831-760-7136
200 E Prater Way, Sparks, NV for Sale
$4,395,900 USD
Fast Food - FOR SALE
1/4
null | 5.09% Cap Rate

200 E Prater Way
Sparks, NV 89431


HIGHLIGHTS

  • Rebuilt in 2015, Established Taco Bell since 1993
  • True NNN lease, Tenant pays Property Taxes

OVERVIEW

Prime absolute NNN investment opportunity. 25+ year established Taco Bell location. Lease terminates 2039 with five 5 year extension options. $14,023.83 Base rent or 9% whichever is greater. Annual rent increases 1% or CPI whichever is greater. Established multi unit tenant. Scraped and rebuilt in 2015 Cap rate based on projected 2023 2024 sales LOI’s required with proof of funds. No OM will be provided Separately. Tenant has 10 day FROR Owner will consider $1,000,000.00 carry back at 7% with a 30 year amortization balloon due in 5 years.

FOR SALE DETAILS

PRICE

$4,395,900 USD

PRICE/SF

$1,642 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

TOD

APN/PARCEL ID

033-141-46

ASK ABOUT THIS PROPERTY

Richard AhartAhart 1995 Family TrustMore Info
831-760-7136

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Richard AhartAhart 1995 Family TrustMore Info
831-760-7136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.