2900 Churn Creek Rd - Fast Food FOR SALE


Redding, CA 96002
$2,157,303 USD
626-633-6397
2900 Churn Creek Rd, Redding, CA for Sale
$2,157,303 USD
Fast Food - FOR SALE
1/5
null | 4.45% Cap Rate

2900 Churn Creek Rd
Redding, CA 96002


HIGHLIGHTS

  • Dutch Bros. – 10 Year Lease with Strong Early Franchisee
  • Absolute NNN Lease - Zero Landlord Responsibility
  • Operating Successfully Since 2006 - Year Over Year Sales Growth
  • 2% Annual Rental Increases After Year Five
  • Surrounding Tenants Include Lowe’s Dollar Tree, CVS, Grocery Outlet and many others

OVERVIEW

Colliers National Net Lease Group is pleased to present an opportunity to purchase a well-established single-tenant net-leased asset occupied by a large Dutch Bros Franchisee, subject to a new 10-year lease sale leaseback and 2% increases annually. This location has been successfully operating since 2006 with significant year-over-year sales growth. The subject property sits one block East of the 5 Freeway along the “going to work” side and a strong retail corridor. Surrounding tenants that sit along Churn Creek Rd include Dollar Tree, Lowe’s, CVS, and many others. This location has been successfully operating for going on 20 years and has grown into a staple within the community. This is an excellent opportunity to purchase a STNL Dutch Bro’s with solid increases and zero landlord responsibility, providing true long-term passive income.

FOR SALE DETAILS

PRICE

$2,157,303 USD

PRICE/SF

$4,315 USD /SF

CAP RATE

4.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

GC

APN/PARCEL ID

107-350-015-000

ASK ABOUT THIS PROPERTY

Cameron DuffyColliersMore Info
626-633-6397

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Cameron DuffyColliersMore Info
626-633-6397

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