Triple Net Lease Investment Opportunity - Church's Chicken @ Moca, PR- FOR SALE

Investment Overview

The following triple net lease investment opportunity consist of an income producing commercial property with a ±3,500 square foot freestanding restaurant building operating as a Church's Chicken, situated on a 1,877 square meter parcel in the Pueblo ward of the Moca Municipality in Puerto Rico. The property is 100% leased on a long-term net lease to South American Restaurants Corp., the Church's Chicken franchisee for Puerto Rico, under a Deed of Lease with an original 20-year term and four (4) additional 5-year renewal options until year 2033. The property is zoned as commercial (C-I) (Comercial Intermedio) and counts with 57 parking stalls.

Investment Highlights

• Asking Price: $2,250,000
• Income producing retail commercial property currently net leased to South American Restaurants Corp or SARCO, exclusive Church's Chicken franchisee for Puerto Rico until years 2032/2033.
• Financial data available upon request
• Finca Numero 13,659. Folio 205. Tomo 230.
• Site Area: 1,877 square meters, equivalent to 20203 square feet
• Zoning: C-I (Comercial Intermedio) (Intermediate Commercial).
• Cadastre Number: 070-033-019-42-001; 070-033-019-42-000.
• Clasification: SU (Suelo Urbano) (Urban Soil).
• Flood Zone: X (Not in Floodway).
• Google Map: https://maps.app.goo.gl/ybMktnVqhbsQsjabA
• Coordinates: 18°23'41.63"N 67°06'36.18"W
• Parking Spaces: Fifty Seven (57)