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Restaurant

KFC Restaurant

9750 CA-53, Lower Lake, CA 95457

Listing Price: $1,690,000

Cap Rate
6.27%
Tenant Name
KFC Long John Silver
Years Remaining On Lease
1.2
Gross SF
2,952
Guarantor
Franchisee Guarantee
Rentable SF
2,952
Price/Gross SF
$572.49
Lease Type
Absolute Net
Rent Per Square Feet
$36.12

Investment Overview

The subject property is a freestanding KFC & Long John’s Silver co-branded fast food restaurant that has been in operation at this site since 2005. This +/-2,952 sq. ft. restaurant is situated on a large +/-.81 acre parcel of land that provides abundant on-site parking of 33 spaces and is equipped with a drive thru window and large monumental sign.

The city of Lower Lake is part of Lake County which has a population of approximately 68,163. Lake County has an abundance of outdoor recreational activities that draw visitors from the Sacramento Valley and San Francisco Bay Area. Clear Lake, which is located just a few miles north of the subject property is a destination location known for fishing, boating along with abundance of year-round outdoor recreational activities.

The subject property benefits from being situated within a .50 mile from Lower Lake High School and Lower Lake Elementary School. Downtown Lower Lake is situated just .20 miles away and a Wal Mart and Tractor Supply Company anchored shopping center is located 1.6 miles north on State Highway 53.
The current tenant is a 6-unit KFC franchisee with restaurants located throughout Northern California. The lease is absolute triple net (NNN) with no landlord responsibilities. The lease includes a percentage rent clause equal to 8.5% of gross sales reported monthly along with attractive twelve and a half (12.5%) percent fixed rent increases every 5 years. This experienced tenant is also a Papa John’s Pizza and Burger King franchisee.

This property offers an unique opportunity to own a passive single tenant investment property located in Northern California situated within a few miles from local wineries such as Gregory Graham Winery and Fults Family Vineyards.

Investment Highlights

  • Absolute NNN lease-ZERO Landlord Responsibilities
  • Attractive 12.5% fixed rent increases every 5 years
  • Lease includes percentage rent clause which tenant triggered in past years
  • Long Operating History-KFC has successfully operated at this location since 2005
  • Property offers excellent frontage onto U.S. Highway 53
  • Situated just 1.6 miles from Clear Lake Shopping Center anchored by Wal Mart & Tractor Supply Company

Exclusively Listed By

Financing By

Restaurant

KFC Restaurant

Listing Price: $1,690,000

Cap Rate
6.27%
Tenant Name
KFC Long John Silver
Years Remaining On Lease
1.2
Gross SF
2,952
Guarantor
Franchisee Guarantee
Rentable SF
2,952
Price/Gross SF
$572.49
Lease Type
Absolute Net
Rent Per Square Feet
$36.12

Investment Highlights

  • Absolute NNN lease-ZERO Landlord Responsibilities
  • Attractive 12.5% fixed rent increases every 5 years
  • Lease includes percentage rent clause which tenant triggered in past years
  • Long Operating History-KFC has successfully operated at this location since 2005
  • Property offers excellent frontage onto U.S. Highway 53
  • Situated just 1.6 miles from Clear Lake Shopping Center anchored by Wal Mart & Tractor Supply Company

Investment Overview

The subject property is a freestanding KFC & Long John’s Silver co-branded fast food restaurant that has been in operation at this site since 2005. This +/-2,952 sq. ft. restaurant is situated on a large +/-.81 acre parcel of land that provides abundant on-site parking of 33 spaces and is equipped with a drive thru window and large monumental sign. The city of Lower Lake is part of Lake County which has a population of approximately 68,163. Lake County has an abundance of outdoor recreational activities that draw visitors from the Sacramento Valley and San Francisco Bay Area. Clear Lake, which is located just a few miles north of the subject property is a destination location known for fishing, boating along with abundance of year-round outdoor recreational activities. The subject property benefits from being situated within a .50 mile from Lower Lake High School and Lower Lake Elementary School. Downtown Lower Lake is situated just .20 miles away and a Wal Mart and Tractor Supply Company anchored shopping center is located 1.6 miles north on State Highway 53. The current tenant is a 6-unit KFC franchisee with restaurants located throughout Northern California. The lease is absolute triple net (NNN) with no landlord responsibilities. The lease includes a percentage rent clause equal to 8.5% of gross sales reported monthly along with attractive twelve and a half (12.5%) percent fixed rent increases every 5 years. This experienced tenant is also a Papa John’s Pizza and Burger King franchisee. This property offers an unique opportunity to own a passive single tenant investment property located in Northern California situated within a few miles from local wineries such as Gregory Graham Winery and Fults Family Vineyards.

Exclusively Listed By

Financing By

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