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Views: 150 DOM: 103 Updated: 10.31.24 Posted: 09.18.24 Status: Active

Summary

Price $1,645,000
Built/Renov 2024
Tenant Swig
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 650
Lease Start 09-01-2024
#Units 62
Price/SF $2,530.77
Expiration 09-01-2039
Tenant Type Fast Food/QSR
NOI $90,500
R. Term 14.8
Ownership Fee Simple
Rent/SF $139.23
Increases 10.0%/5/yrs
Pop 5Mi 84,482
Lot/AC 0.94
Options 2/5yrs/10%
AHHI 5Mi $107,581

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Swig is strategically located at the signalized, hard corner intersection of NE Coronado Drive and NE Sunnyside School Road, with access to a combined daily traffic count of 14,300 vehicles. The property is adjacent to a high-traffic Walmart Supercenter (3.4+ million shoppers annually) and Home Depot (1+ million shoppers annually). It is also situated half a mile from a major retail hub...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Swig
  • Guarantor:Corporate
  • Company:Larry H. Miller Company
  • # Units:62
  • Stock:Private

About Tenant

Swig is a drive-through soda fountain chain primarily located in the western United States. The chain, known for its popular "dirty sodas," was founded in April 2010 by Nicole Tanner in St....


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Listing Broker

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