NNN Leased Church's Chicken
10230 Central Ave | Albuquerque, NM
Sq. Feet 23,050
For sale to qualified investors is the 100% fee-simple interest in a brand new, triple-net Jimmy John's and Five Guys two-tenant building in Wooster, Ohio.
The building is scheduled for late 4th quarter 2015 delivery to tenants and is currently under construction along with Ulta, TJ Maxx, Famous Footwear, Mattress Firm, and others. This asset is being offered at a 6.75% cap rate and price of $1,770,000. Both tenants have signed long-term 10 year leases with no termination rights.
Located as an outparcel in front of the new-to-market national tenants mentioned above, this property has incredible visibility, access, and is situated at the entrance to a thriving regional retail trade area. Wooster benefits from its location on Ohio State Route 83 as well as US Highway 30, making it the focal retail hub for multiple counties between 10-20 miles in all directions. Nearby retailers in this trade area include Walmart, Lowe's, Kohl's, Cinemark, Petco, Best Buy, Staples, Applebee's, Bob Evans, Chipotle, Red Lobster, McDonald's, Panera, Starbucks, etc.
Cap Rate: 6.75% NOI: $121,500 Livable Sq. Ft: 3,850
Built in 2016 2 Retail units Lot Sq. Ft: 43,540