Price: $777,000 | Cap Rate: 7.50% | NOI: $58,300
PRIME RETAIL CORRIDOR POSITIONING LOCATED ACROSS FROM 66 PLAZA AND OTHER NATIONAL RETAILERS INCLUDING WALMART, MCDONALD’S, AND WALGREENS
SCALED REGIONAL FRANCHISEE LEASED TO CHARTER FOODS, INC., A LEADING YUM! BRANDS OPERATOR WITH ~300 LOCATIONS ACROSS 13 EASTERN U.S. STATES, PROVIDING EXPERIENCED, MULTI-BRAND TENANCY.
LOW-BASIS, TAX-ADVANTAGED INVESTMENT: FEE SIMPLE LONG JOHN SILVER’S IN TENNESSEE — A NO STATE INCOME TAX STATE — OFFERING STRONG AFTER-TAX CASH FLOW AND BELOW-REPLACEMENT-COST BASIS.
LONG-TERM ABSOLUTE NNN LEASE 7.4 YEARS REMAINING WITH ZERO LANDLORD RESPONSIBILITIES, 10% RENT INCREASES EVERY 5 YEARS, AND FOUR (4) 5-YEAR RENEWAL OPTIONS FOR DURABLE INCOME AND GROWTH.
STRONG VISIBILITY & TRAFFIC COUNTS FRONTAGE ON HIGHWAY 66 WITH ~12,000 VEHICLES PER DAY PROVIDES CONSISTENT EXPOSURE AND CONVENIENT CONSUMER ACCESS.