NEW! Buy and sell safely with virtual options - Learn More
About the Listing SNFCRA - SN157012229
1355 Washington Avenue is a net-leased drive-thru restaurant offered at $615,000, an 8.21% cap rate. The 1,495 SF single-story building was built in 2018 on a ±0.19-acre (8,276 SF) corner lot zoned NC (Neighborhood Commercial). It sits at a busy roundabout off Montgomery Street, near downtown Oroville. The building has a wrap-around drive-thru lane with a pickup window and a commercial kitchen with hood and Ansul fire suppression. It also has a walk-in cooler and central heat and air. It is leased to The Lamb and The Wolf on a new three-year lease through April 15, 2029. Rent is $4,500 a month plus $800 a month in CAM, for $63,600 in gross annual income and $50,496 in net operating income. With a newer building, a lease in place and a flood-safe FEMA Zone X site, it’s an easy-to-own income property for investors and 1031 exchange buyers.
Listing Highlights for 1355 Washington
Interior Details
- Appliances:
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 013030010000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1355 Washington Oroville, CA 95965
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
