Real Estate Acquisition Opportunity
Dear Members, If you are interested in acquiring the real estate only (not the business described below), please do not hesitate to contact me directly. I would be glad to provide further details and discuss next steps. - Attractive Returns: 9.10% cap rate at a purchase price of $9.89M. - Secure Income Stream: New 15-year NNN lease commenced January 1, 2025. - Established Operation: Longstanding business with a loyal customer base. - Diversified Revenue: Includes a successful 24-hour diner, profitable as a standalone enterprise. - Rare Asset Class: Licensed casino operated by a proven tenant in an industry with high barriers to entry. - Prime Location: Strong fundamentals in the Auburn market with: - Visibility to over 23,000 vehicles per day - Unimpeded exposure and best-in-class signage (digital and static billboard) - Significant parking capacity - Excellent access via multiple curb cuts at a full circulation intersection