888 99W - Fast Food FOR SALE


Corning, CA 96021
$2,453,000 USD
925-286-5049
888 99W, Corning, CA for Sale
$2,453,000 USD
Fast Food - FOR SALE
1/2
null | 5.3% Cap Rate

888 99W
Corning, CA 96021


HIGHLIGHTS

  • 2041 Primary Term Expiration
  • 10% Increases Every 5 Years
  • Brand New Remodel
  • Absolute NNN Lease
  • Located in Corning, an Agricultural Hub
  • Large Franchisee

OVERVIEW

The lease features a primary term expiring in 2041, providing long-term stability for the investor. Additionally, the lease includes a 10% rental increase every five years. In 2023, the property was remodeled to feature one of Burger King’s latest prototype designs. Operating under an absolute NNN lease, the landlord benefits from a passive investment. Corning, CA, is home to Bell-Carter Foods, Inc., the world’s second-largest table olive processor and the largest in the United States. The city also plays a key role in the production of almonds, walnuts, and prunes for Sunsweet Growers Inc. The property is leased by Quikserve Restaurants, Inc., a prominent Burger King franchisee.

FOR SALE DETAILS

PRICE

$2,453,000 USD

PRICE/SF

$755 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

C3-SP

APN/PARCEL ID

069-220-017-000

ASK ABOUT THIS PROPERTY

Brandon NortonMonarch Commercial AdvisorsMore Info
925-286-5049

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Brandon NortonMonarch Commercial AdvisorsMore Info
925-286-5049

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