DRIVE THRU - 20 YEAR SALE LEASEBCK
270 M STREET | CRESCENT CITY, FL
Robust Store Sales: Store produces about $1M in gross sales annually and trending upwards.
Conservative Rent to Sales Ratio: The rent is set at a 8% Rent to Sales Ratio which is a sustainable rent for the restaurant operator.
Experienced Franchisee: Restaurant operator has been operating this Little Caesars for 5 years and has been in the restaurant business for 30+ Years.
Personal Guarantee: The lease will be backed by a high net worth individual/operator. Contact broker for more information.
Net Leased Investment: Tenant is responsible for all real estate taxes,insurance, and property maintenance.
Rare CA Bite Sized 20-Year Leaseback: Hard to find a small price point single tenant retail property with a 20 year lease in California.
Property Type: Net-Leased
Status: For Sale
Building Size (Total GLA): 2,600 SF
Lot Size: 0.33 Acres (14,315 SF)
Cap Rate Current: 6.15%%
Price Per Square Foot (Building): 500.00
Lease Type: Triple-Net
Lease Term Remaining: 20 Years
Rent Increases: 10% Every 5 Years
Options to Extend: Four, 5-Year
Guarantor: Single Unit Guaranty