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Views: 39 DOM: 49 Updated: 07.21.24 Posted: 07.21.24 Status: Active

Summary

Price $3,200,000
Built/Renov 2024
Tenant Ono Hawaiian BBQ (GL)
Cap Rate 4.38%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,206
Lease Start 09-01-2024
#Units 104
Price/SF $998.13
Expiration 08-31-2039
Tenant Type Fast Casual/Rest.
NOI $140,000
R. Term 14.12
Ownership Ground Lease
Rent/SF $43.67
Increases 10.0%/5/yrs
Pop 5Mi 209,862
Lot/AC 0.82
Options 5/5yrs/10%
AHHI 5Mi $138,450

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year ground lease with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Ono Hawaiian BBQ is strategically located on Clinton Keith Road, with access to 27,300 vehicles passing by daily. The property enjoys direct on/off ramp access to Interstate 215, a major thoroughfare, which sees 106,600 VPD. Additionally, It is situated within The Vineyard Shopping Center, a recently developed regional shopping hub anchored by Costco Wholesale and ALDI. The immediate area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Ono Hawaiian BBQ
  • Guarantor:Corporate
  • Company:Ono Hawaiian BBQ
  • # Units:104
  • Stock:Private

About Tenant

Ono Hawaiian BBQ is a family-owned fast casual restaurant known for its Hawaiian-inspired Plate Lunches and other island specialties. Ono Hawaiian BBQ uses the freshest ingredients, prepared from...


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Listing Broker

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