Long John Silver's & KFC 9750 Highway 53 2 952 pi² Commerce de détail Immeuble Lower Lake, CA 95457 1 999 448 $ CAD (677,32 $ CAD/pi²) 6,62% Taux de capitalisation

ALIVE Commercial Real Estate is pleased to offer this co-branded KFC / Long John Silver's in Lower Lake, CA at an asking price of $1,450,000 / 6.62% Cap Rate. The offering is comprised of a 2,952 SF building with drive-thru situated on a 0.81-acre parcel (both per public records). The lease is Absolute NNN with the current term expiring August 30, 2027. There is 1, 5-year option to follow which includes a 10% increase in rent. The existing 4-unit franchisee has been successfully operating at this location since 2013. KFC / Long John Silver's benefits from exposure of 18,000 + vehicles per day along California Highway 53 as well as its proximity to Clear Lake, which is the largest, natural freshwater lake in California with 68 square miles of surface area. Known as the Bass Capital of the West, Clear Lake supports a wide variety of fish and attracts
fishermen and women from across the United States. As a 2023, the population within the Clearlake Area was estimated to be 16,481 people.