847 Magellan dr - Restaurant FOR SALE
Tehachapi, CA 93561 |
$1,860,000 USD
602-922-3427
847 Magellan dr
Tehachapi, CA 93561
HIGHLIGHTS
- Absolute NNN | Attractive Rental Increases | Experienced Franchisee
- Single Tenant Denny’s investment opportunity featuring an absolute triple-net (NNN) with 11.5 Years remaining, subject to 10% rental increases every 5
- The tenant is responsible for paying taxes, insurance, and maintenance, providing complete passive ownership.
- An experienced, multi-unit franchisee who owns and operates two additional Denny’s locations across Southern California.
- High-Traffic Corridor | Prime Highway Location Near Tehachapi Muni Airport
- Positioned less than a mile from Tehachapi Airport and just east of Highway 58, this site offers excellent accessibility and long-term growth potentia
FOR SALE DETAILS
PRICE
$1,860,000 USD
PRICE/SF
$465 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DENNY'S
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,716 SF
ZONING
-
APN/PARCEL ID
223-530-10-00-8
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602-922-3427
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602-922-3427
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