9750 Ca-53 Lower Lake, CA 95457

Property Details for 9750 Ca-53

Year built

2005

Lot size

0.81 lot acres

Property size

2,952 SF

Property type

Retail properties

Description

Exceptional investment opportunity: a fee-simple, single-tenant KFC restaurant in Lower Lake, CA (95457), at 9750 CA-53. This 2,952 square foot building, constructed in 2005 and renovated the same year, sits on a 0.81-acre lot and boasts 33 parking spaces. The property benefits from an absolute NNN lease with a remaining term of approximately 0.8 years, providing zero landlord responsibilities. The current lease, commencing September 1, 2013, and expiring August 31, 2025, includes attractive fixed rent increases of 12.5% every five years. The property's strong location on US Highway 53 offers excellent visibility and accessibility, situated conveniently near Lower Lake High School, Lower Lake Elementary School, and the Clear Lake Shopping Center (anchored by Walmart and Tractor Supply). The asking price is $1,690,000, representing a 6.29% cap rate and a price per square foot of $572.49. The property's strong tenant history, combined with the favorable lease terms and prime location, makes this a compelling investment opportunity. The property's zoning is commercial, and the current Net Operating Income (NOI) is $106,312. The lease includes a 10-year option. The property is offered as a 1031 exchange opportunity.

Location Insight

City

Lower Lake

County

Lake

State

California

Longitude

-122.612

Latitude

38.9121