Restaurant

Shari's

221 Bravo Terrace SE, Port Orchard, WA 98367

Listing Price: $3,041,754

Cap Rate
6.50%
Tenant Name
Shari's Management Corporation
Years Remaining On Lease
18.7
Gross SF
3,968
Rentable SF
3,968
Price/Gross SF
$766.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.83

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sharis located at 221 Bravo Terrace SE in Port Orchard, Washington. The site consists of roughly 3,968 rentable square feet of building space on estimated 1.09-acre parcel of land. This Sharis is subject to a 20-year triple-net (NNN) lease, which commenced June 27th, 2019. The current annual rent is $197,714 and is scheduled to increase by 1.75%every year throughout the base term and in each of the four (4), five (5)-year renewal periods.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 19 Years Remaining
  • Attractive 1.75% Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    License(s): WA: 25469

    Washington

Listing Price: $3,041,754

Cap Rate
6.50%
Tenant Name
Shari's Management Corporation
Years Remaining On Lease
18.7
Gross SF
3,968
Rentable SF
3,968
Price/Gross SF
$766.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.83

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 19 Years Remaining
  • Attractive 1.75% Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sharis located at 221 Bravo Terrace SE in Port Orchard, Washington. The site consists of roughly 3,968 rentable square feet of building space on estimated 1.09-acre parcel of land. This Sharis is subject to a 20-year triple-net (NNN) lease, which commenced June 27th, 2019. The current annual rent is $197,714 and is scheduled to increase by 1.75%every year throughout the base term and in each of the four (4), five (5)-year renewal periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    License(s): WA: 25469

    Washington

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