Panda Express 1840 North Perris Boulevard, Perris, CA Cap Rate 3.38% Perris ( California, US ) Built

$2,930,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Lot Size: 0.77 acres
  • Year Built: 2016

Description

Panda Express 1840 North Perris Boulevard, Perris, CA Cap Rate 3.38%

Cap Rate: 3.38%
NOI: $90,000
Lot Area: 0.77 sqft
Lease Type: Single Net
Year Built: 2016
Tenancy: Single
Lease Expire Year: 12/31/2036

Price: $2,930,000 USD

DESCRIPTION
Single-Tenant Panda Express Drive-Thru:
-Absolute NNN corporate ground lease; zero landlord responsibilities
-20-year initial lease term with 15+ years remaining
-10% increases every 5 years; Four 5-year options at 10% rental increases
-Panda Express is the largest Asian segmented restaurant chain in the United States with over 2,200 locations in the United States, Canada, Guam, Puerto Rico, Mexico, Korea, and the United Arab Emirates

Pad to a Newly Constructed Walmart Supercenter @ Perris Marketplace: Walmart strategically relocated and expanded into a new 184,000 square foot supercenter format in 2015, approximately 1-mile away from its original location established in 1992

National Credit Tenant Synergy: Co-tenants in Perris Marketplace include Walmart Supercenter, Chipotle, Pacific Dental Services, Pieology, Popeyes, Sally Beauty, Starbucks, T-Mobile, Verizon, Waba Grill, Wendy’s, and Yogurtland

Freeway Adjacent: Perris Marketplace is located adjacent to Interstate 215 (145,000 CPD) and just north of Perris Boulevard and Nuevo Road (50,000 CPD)

Ideally Located in the Heart of a Major, Rapidly Growing Distribution and Logistics Hub: More than 46 million square feet of existing distribution centers including national companies such as Amazon, The Home Depot, Lowe’s, O’Reilly Auto Parts, Proctor & Gamble, Sketchers, Ross Dress for Less, and Walgreens.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#438981610
top
Information is deemed to be correct but not guaranteed.