Established national restaurant tenant on a visible freeway location near the exit. This sale includes the building and ground lease, the land is not included. The lessee invested in a major interior upgrade last year. Both the lessee's 5-year renewal options and the ground lease run through 2043. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Priced at a 6% cap rate for long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.
Listing Provided Courtesy of Scott Horner, On Point Real Estate
General Information
NWM2312353
Commercial Industrial
116
DOM
0.29 acres
0
2003
Commerc
Lewis
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Scott Horner, On Point Real Estate
Krishna Realty data last checked: Jun 22, 2025 15:53 | Listing last modified Mar 17, 2025 19:56,
Source:
Established national restaurant tenant on a visible freeway location near the exit. This sale includes the building and ground lease, the land is not included. The lessee invested in a major interior upgrade last year. Both the lessee's 5-year renewal options and the ground lease run through 2043. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Priced at a 6% cap rate for long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.
