Retail Business for Sale in Porterville, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Porterville, CA 93257

Investment Figures

Cap rate
5.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject property is located at642 West Olive Avenue in Porterville CA. This KFC is a 3,304 square foot freestanding drive-thru building on a 0.55 acre parcel. This investment is a 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8% increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term. Investment Highlights: • HIGH VOLUME STORE - 4.80% Rent vs. Sales • 15 Year Absolute NNN Lease with (4) 5 Year Options • 145+ Store Franchisee Lease Guarantee - KFC Franchisee of the Year Recipient

Market Context

This retail in Porterville, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Porterville, CA — view the full market.

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