Description
This investment hits all the marks. Location is unbeatable and located next to the new Habit Burger. The lease was signed prior to the 2020 boom causing the price per sqft to be far below comparable restaurants. This lease is NNN with 3% annual increases on the base rent so no worries on inflation undercutting your bottomline. The city is responsible for maintaining the parking lot and the property is less than 15 years old. Tenant currently paying $10,682/month NNN with 3% annual base rent increases. Initial term expires 3/31/2025, but tenant has three (5) year options to renew terms.
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0BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
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10,683SQFT
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$200$/SQFT
School Ratings & Info
Description
This investment hits all the marks. Location is unbeatable and located next to the new Habit Burger. The lease was signed prior to the 2020 boom causing the price per sqft to be far below comparable restaurants. This lease is NNN with 3% annual increases on the base rent so no worries on inflation undercutting your bottomline. The city is responsible for maintaining the parking lot and the property is less than 15 years old. Tenant currently paying $10,682/month NNN with 3% annual base rent increases. Initial term expires 3/31/2025, but tenant has three (5) year options to renew terms.
© 2022 Lake Havasu Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lander Team | Keller Williams Arizona Living Realty. Data last updated: 2022-08-13T14:39:27.407.