Friday, August 31, 2012
Palm Spring Area Single Tenant NNN Investment Property for Sale
An outstanding opportunity to acquire a single tenant NNN investment property with stable cash flow and a unique business model is available in the Palm Springs area. This premier restaurant chain with a loyal international following has a 15 year lease with annual increases. The business is owned by a 1500+ location restaurant corporation that knows how to operate successful enterprises. 6% cap rate on a <$5M purchase price. Consider this - $292,000 net operating income per year for a rock solid asset that will increase in cash flow yearly based on CPI. For someone looking for a stable asset within a short flight of the San Francisco Bay Area, this is ideal. Perfect vehicle for a 1031 tax-deferred exchange. Call for details on this or other NNN investment properties throughout the Golden State.