2535 North St | Anderson, CA 96007
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2535 North St
Anderson, CA 96007
Burger King · Retail Property For Sale
Investment Highlights
- 2042 Primary Term Expiration
- Brand New Remodel; Absolute NNN
- Large Franchisee
- 10% Increases Every 5 Years
- Proximity to Retail and Interstate-5
Executive Summary
The lease features a primary term expiring in 2042, providing long-term stability for the investor. Additionally, the lease includes a 10% rental increase every five years. In 2023, the property was remodeled to reflect one of Burger King’s latest prototype designs. With an absolute NNN lease in place, the landlord enjoys a fully passive investment. Conveniently located adjacent to the northbound I-5 on-ramp, the property benefits from high visibility and easy access for both local shoppers and interstate travelers. The property is leased by Quikserve Restaurants, Inc., a prominent Burger King franchisee.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,595 SF
Building Class
C
Year Built
2005
Price
$4,580,823 CAD
Price Per SF
$1,274 CAD
Cap Rate
5.40%
NOI
$247,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.78 AC
Parking
21 Spaces (5.8 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 201-340-058-000 | Improvements Assessment | $1,180,678 CAD |
| Land Assessment | $521,680 CAD | Total Assessment | $1,702,359 CAD |
PROPERTY TAXES
Parcel Number
201-340-058-000
Land Assessment
$521,680 CAD
Improvements Assessment
$1,180,678 CAD
Total Assessment
$1,702,359 CAD
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