Black Angus Steakhouse

1000 Graves Avenue, El Cajon, CA
$6,375,000 · 5.88% CAP · 7 Yr. Lease · Single Tenant Net Lease
Available

Location

1000 Graves Avenue, El Cajon, CA

Absolute NNN Lease
Sale Price: $6,375,000
CAP Rate: 5.88%
Net Operating Income: $374,702
Building Size: 10,300 SF
Year Built: 1974 Build/2005 Renovation
Market: San Diego
Increases: CPI Rental Increases Every 5 Years Capped at 10%
Options: Tenant has Three 5-Year Options to Renew

The subject offering is the fee simple interest in a Corporate Black Angus Steakhouse NNN leased property. There are over 7.5 years remaining on the initial term of the absolute NNN lease, which provides for zero landlord obligations. There are scheduled CPI rental increases every 5 years capped at 10%. The asset is well situated across the street from a Target Superstore, and enjoys strong demographics.

El Cajon is a city in San Diego County, California. Nestled in a valley surrounded by mountains, the city has acquired the nickname of “The Big Box”. Its name originated similarly, from the Spanish phrase “el cajón”, which means “the box” or “the drawer.”

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Presented By

Louis Hicks

Investment Advisor

415.377.6064
815.377.6062
BRE# 01362093

Louis is an Associate Advisor at The Kase Group where he specializes in net lease properties, multifamily and senior care facilities. Louis began working with Sperry Van Ness twelve years ago after working as a Chief Information Officer for GE..

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