Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 9750 Ca-53
- Year built
- 2005
- Lot size
- 0.81 lot acres
- Property type
- Retail properties & Spaces
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lower Lake
- County
- Lake
- State
- California
- Longitude
- -122.612
- Latitude
- 38.9121
