Absolute NNN Lease – This is an absolute triple net lease with zero landlord responsibilities, providing a potential investor with truly passive income.
Below Replacement Cost – Opportunity to acquire a fully built restaurant at a price below the current cost to construct one. This benefits an investor by allowing a lower barrier to entry for operations, stronger long-term cash flow potential, and reduced risk exposure by way of deferred ground up development costs.
High Household Income Area – The average household income in the 3-mile radius is $151,100+ benefiting an investor by owning property in an area where the local customer base has high spending power.
High Density Retail Corridor – A significant amount of retail is found off the El Dorado Fwy and Cameron Park Dr. A few of the high credit tenants are Applebee’s, McDonald’s, Taco Bell, Carl’s Jr, Starbucks, Safeway, Round Table Pizza, Dutch Bros, Dollar Tree, O’Reilly Auto Parts, and Bank of America.
Direct Access to El Dorado Freeway – The subject property is located off of I50 which has an average daily vehicle count of ±65,700.
Healthy Rent to Sales Ratio – Contact broker for details
Below Market Rent – Denny’s has below market rent for casual dining in California and the Cameron Park surrounding area with a rent per square foot of $20.19. This benefits an investor as there is risk mitigation and potential upside in the rental amount (Per CoStar)