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3967 Park Dr

1,985 SF Retail Building El Dorado Hills, CA 95762 $3,795,000 ($1,912/SF) 5.44% Cap Rate

Executive Summary

Absolute NNN investment opportunity. Long term lease. 17 +/- years remain on lease.
$12,688.33 Base Rent or 9% whichever is great. 1% annual rent increases or CPI whichever is greater. Lease terminates in 2039 with five 5 year extension options.
24 year established location…30+ year franchise tenant.
Store remodeled in 2016
Cap rate based on projected 2024 sales increase.
2.5% commission to selling agent broker

LOI’’s required with proof of funds. No OM will be provided separately.
All offers will be considered…
Tenant has 10 day FROR
Owner will consider $1,000,000.00 carry back at 7% 30 year amortization balloon due in 5 years

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,985 SF
Building Class
C
Year Built
2015
Price
$3,795,000
Price Per SF
$1,912
Cap Rate
5.44%
NOI
$206,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.11 AC
Zoning
C - commercial
Parking
28 Spaces (14.11 Spaces per 1,000 SF Leased)
Frontage
254 FT on Park Dr

Amenities

  • Bus Line
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • -
  • 2,256 SF
  • -
  • -

Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.

Tenant Industry SF OCCUPIED RENT/SF Lease End
- 2,256 SF - -

Nearby Major Retailers

Starbucks
El Dorado Savings Bank
Pure Barre
Mechanics Bank
Club Pilates
Golden 1 Credit Union
Orangetheory Fitness
Bonchon
Chase Bank
Raley's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
121-180-015-000
Land Assessment
$782,207
Improvements Assessment
$399,019
Total Assessment
$1,181,226
  • Listing ID: 25311445

  • Date on Market: 2/9/2024

  • Last Updated:

  • Address: 3967 Park Dr, El Dorado Hills, CA 95762

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