2310 W Cleveland Ave - Fast Food FOR SALE


Madera, CA 93637
$1,595,000 USD
949-213-6065
2310 W Cleveland Ave, Madera, CA for Sale
$1,595,000 USD
Fast Food - FOR SALE
1/11
null | 4.06% Cap Rate

2310 W Cleveland Ave
Madera, CA 93637


HIGHLIGHTS

  • Absolute Triple Net Lease (NNN) with Zero Landlord Responsibilities
  • Long-Term Stability – 20-year lease commencing September 30, 2013, with three (5-year) renewal options
  • Built-in Rental Growth – Tenant responsible for a 10% rent increase every five years
  • Prime Retail Location – Well-maintained property situated in the heart of Madera’s retail corridor
  • Strong National & Regional Co-Tenancy – Surrounded by major retailers, including Super 8 Theaters, Taco Bell, Food 4 Less, Office Depot, McDonald's.

OVERVIEW

Coldwell Banker Best Realty is pleased to present an Absolute Net Leased Rally’s restaurant located at 2310 W Cleveland Ave., Madera, California. This location has been successfully operating since 2013 and has eight years remaining on the lease, which originally commenced that same year. The tenant is a well-established, family-owned franchisee with over 30 years of experience, operating 11 Rally’s locations. The lease includes three (3) five-year option periods, with 10% rental increases every five years. Strategically positioned near the intersection of Cleveland Ave. and N. Schnoor Ave., the property is just 0.5 miles from the California 99 Freeway. It is located in the central retail hub of Madera, surrounded by national credit tenants such as McDonald’s, Taco Bell, Food 4 Less, Lowe’s, Walmart, Walgreens, Dollar Tree, Office Depot, and Petco.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$1,656 USD /SF

CAP RATE

4.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rally's Burger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C1, Madera

APN/PARCEL ID

006-390-019

ASK ABOUT THIS PROPERTY

James JungColdwell Banker Best RealtyMore Info
949-213-6065

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James JungColdwell Banker Best RealtyMore Info
949-213-6065

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