Established national restaurant tenant on a visible freeway location near the exit. This sale includes the building and ground lease, the land is not included. The lessee invested in a major interior upgrade last year. Both the lessee’s 5-year renewal options and the ground lease run through 2043. Ownership has been pretty hands-off, tenant pays for everything except the ground lease. Priced at a 11.67% cap rate for long-term stable income. Feel free to drop in and have lunch. Please do not bother the staff without an appointment. Broker/owner.
