Island's Restaurant

26582 Towne Centre Drive, Foothill Ranch, CA 92610

Price:
$3,680,000
CAP Rate:
4.15%
NOI:
$153,000
Net Rentable Area:
5,200 SF
Lot Size:
1.10 Acres
Status:
SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

DOWNLOAD THE OFFERING

Property Details

  • NNN Ground Lease with 10 years remaining
  • No landlord responsibilities
  • Buyer benefits from advanced rents. Priced on December 2018 rent bump
  • Annual escalations hedge against inflation
  • Fast growing Foothill Ranch Community with 360,000 SF planned out retail space within the next 5 years
  • The site is an out pad to a 1.2 (mil) square foot shopping center
  • Community seasoned with 20 year presence

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