Embed Size (px)
Citation preview
14485 SEVENTH STREETVICTORVILLE • CALIFORNIA SINGLE TENANT ABSOLUTE NNN LEASED PROPERTY FOR SALE
WIENERSCHNITZEL/TASTEE FREEZE
Exclusively Presented By: COLLEEN CAREYFounding Principal [email protected]
LEE & ASSOCIATES-PASADENA, INC155 N. Lake Avenue, Suite 430 Pasadena CA 91101Corporate ID 02059558lee-pasadena.com
FOR SALE
FOR SALE | 14485 Seventh St. | Wienerschnitzel/Tastee Freeze | Victorville, CA
EXECUTIVE SUMMARY
SINGLE TENANT ABSOLUTE NNN LEASED PROPERTY FOR SALE
• Located on Historic Route 66 – one block from Costco and Interstate 15
• Signalized Corner Location
• New Construction in 2015
• 20-Year Lease Signed 2/1/2017
• Ten Percent (10%) Escalation applies every 5 Years throughout the Original Term and the Options
• Franchisee with 3 total Wienerschnitzel Locations
PROPERTY ADDRESS 14485 Seventh Street
Victorville CA 92395
LIST PRICE $1,566,688
CAP RATE CURRENT 6.0% 2/1/2022: 6.6%
CURRENT ANNUAL NOI: $94,000
TOTAL BUILDING SIZE ±2,100 RSF
PARCEL SIZE ±26,571 SF (±0.61 AC)
YEAR BUILT 2015
PARKING RATIO 7.62/1,000
APN 0396-183-01-3000
Street Cross Street Distance Count Year Count
7th Street Sage Street 0.07 2018 19,434
Hook Rd Valley Center Dr 0.02 2018 21,481
Traffic Counts
60Walk Score
41Transit Score
Walk Score
2019 Total Population
1 Mile 3 Miles 5 Miles
9,087 75,456 159,337
2019 Average Household Income
1 Mile 3 Miles 5 Miles
$44,080 $57,835 $67,235
2019 Total Households1 Mile 3 Miles 5 Miles
3,002 23,483 47,006
DEMOGRAPHICS
FOR SALE | 14485 Seventh St. | Wienerschnitzel/Tastee Freeze | Victorville, CA
PROPERTY PHOTOS
FOR SALE | 14485 Seventh St. | Wienerschnitzel/Tastee Freeze | Victorville, CA
REGIONAL MAP LOCATION
N
PROPERTY
FOR SALE | 14485 Seventh St. | Wienerschnitzel/Tastee Freeze | Victorville, CA
AMENITIES MAP
N
SITE
7TH STREET
LA PAZ DRIVE
E. SAGE STREET
ST. ANDREWS DRIVE
LORENE DRIVE
LORENE DRIVE
BEST DEAL STORE
FASHION 4U
FOR SALE | 14485 Seventh St. | Wienerschnitzel/Tastee Freeze | Victorville, CA
SITE MAP
N
FOR SALE | 14485 Seventh St. | Wienerschnitzel/Tastee Freeze | Victorville, CA
EXCLUSIVELY LISTED BY
Lee & Associates® — Pasadena, Inc.Corporate ID# 02059558
155 N. Lake Avenue, Suite 430Pasadena, CA 91101626.535.9888 [ main ] lee-pasadena.com
COLLEEN CAREYFounding Principal [email protected] ID# 01258120
© 2020 Lee & Associates, Inc. The information contained in this document has been obtained from sources believed reliable. While Lee & Associates, Inc. does not doubt its accuracy, Lee & Associates, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
