Freestanding Burger King Fast-Food Restaurant
14868 Bear Valley Road, Victorville, CA 92395
Overview
| Price: | $1,200,000 |
|---|---|
| Building Size: | 3,292 SF |
| Property Type: | Retail |
| Year Built: | 1987 |
Highlights
- INVESTMENT OVERVIEW HIGHLIGHTS
- OFFERED FOR $1,333,333
- CAP Rate: 4.50%
- Monthly Rent: $5,000 NNN per month or 7% of gross monthly sales
- Annual Rent: $60,000 NNN per year
- Lease Commencement: April 19, 2012
- Lease Expiration: April 18, 2022
- 10-Year Initial Lease Term
- Two Fixed 5-Year Renewals
- Rent Option Increases: $5,500 NNN Years 11 through 15 | $6,050 NNN Years 16 through 20
- Leased to California Food Management (Operator of 10+ Burger Kings) based out of Beverly Hills
Description
Building Size: ±3,292 SF
Land Size: 27,450 SF
Built 1987
NNN Lease Retail Investment
Freestanding Drive-Thru Restaurant
Direct Access off I-15 Freeway / Bear Valley Road Exit
± 52,000 (Bear Valley Road) Vehicles Per Day
± 98,000 (I-15 Fwy./Bear Valley Road On-Off Ramp) Vehicles Per Day
40 Parking Spaces
APN 3093-211-06: San Bernardino County
Location
Direct Access off I-15 Freeway and Bear Valley Road Exit
Contact Broker
Brad Gilmer
Principal
Lee & Associates Orange
| Office | 714.564.7164 |
|---|---|
| Fax | 714.543.5285 |
Elizabeth Brown-Simone
Executive Vice President
Lee & Associates - Inland Empire North (Victorville)
| Office | 760.954.7571 |
|---|---|
| Fax | 760.241.1208 |
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