Property summary
This exceptional 3,700 square foot quick-service restaurant (QSR) pad, situated on a 0.75-acre lot in Greenfield, California, presents a unique investment opportunity. Located at 802 El Camino Real, this single-tenant property boasts a fully entitled design, including a drive-thru, and is ready for immediate development. The site benefits from high visibility due to its proximity to Highway 101, experiencing approximately 35,000 vehicles per day. On-site and off-site improvements will be completed by the developer, ensuring a seamless transition for the tenant. The ground lease offers an 180-month term at an annual rate of $145,000. Utilities are connected to the site, and common area amenities will be provided. Conditional use permits are in place, specifically allowing for drive-thrus. This property is ideally positioned within a thriving commercial development, co-located with a new gas station, market, car wash, and truck fueling center, further enhancing its appeal and potential for success. The property is categorized as retail and land, with a commercial subtype. The Monterey County location and convenient access to Highway 101 make this an attractive proposition for QSR operators seeking a high-traffic, well-developed location.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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