Please look at these investment properties!
ALL Absolute NNN (Triple Net) Leased Retail Properties For Sale:
I. Jack in the Box (Franchise Tenant)
25699 Baseline Street
Highland, CA
High-profile corner location
Built 2009/ Lot size 0.67 acres
Rentable area: 2806 s.f.
Cap rate: 6.75%/ 2012 increases to 6.81%
Annual income: $76,800
Monthly income: $6,400
18 years left on 20 year lease
4 (5-year) options at FMV
Minimum 10% rent increases
Personal guarantee on lease
Stock traded publicly: NASDAQ-(GS): JACK
Tenant responsible for ALL expenses including roof, structure, property, tax, insurance, and common area maintenance (CAM).
ASKING: $1,240,000.00
II. Burger King (Franchise Owner/Lessee)
14868 Bear Valley Road
Victorville, CA 92395
Free standing building in strip center
Built 2002/ Lot size: 0.63 acres
CAP RATE: 6.75%/ 3292 s.f. rentable area
Annual income: $99,000
Monthly income: $8,250
10 years left on 17 year lease
2 (10-year) options to renew
10% increases every 5 years
Tenant responsible for all expenses including roof, structure, property taxes, insurance, and common area maintenance (CAM).
ASKING: $1,466,000
III. Jiffy Lube (Lessee)
115 E. Van Buren Street
Phoenix, AZ 85323
High profile location on major retail thoroughfare by anchored shopping center
1947 s.f. rentable area
Built 2005/ Lot is 14,969 s.f.
CAP RATE: 8%-2012 to 9.2%
Annual income: $114,000
Monthly income: $9,5000
12.5 years left on 15 year lease
3 (5-year) options
15% rent increase every 5 years
Tenant responsible for all expenses including roof, structure, property tax, insurance, and common area maintenance (CAM)
ASKING: $1,425,000
IV. Del Taco (Corporate Store)
19701 Esperansa Road
Yorba Linda, CA 92886
Prime SoCal/ Orange County location
Built 1985/ Lot 0.46 acres
CAP RATE: 6%/ 1800 s.f. rentable area
Annual income: $81,500
Monthly income: $6,258
15 year lease from close of escrow
Rent increases every 5 years tied to CPI
1 (5-year) option
Corporate guarantee
Tenant responsible for all expenses including roof, structure, property tax, insurance, and common area maintenance (CAM).
ASKING: $1,358,000
Disclaimer: The information presented herein has been gathered from sources deemed to be reliable, however, Break Point Loans and Acquisitions makes no representation whatsoever as to its accuracy or completeness. Any projections, estimations, or assumptions made may or may not represent the current or future performance of the subject property. Break Point Loans and Acquisitions has made no investigation of the subject property with respect to the accuracy of the lot and building size, the environmental condition of the property or surrounding area, or the structural soundness of the improvements to the subject property. Any prospective purchaser is advised to make their own thorough investigation of the subject property and the facts related thereto.
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