Net Lease Culvers Property Profile and Cap Rates

Net Lease Culvers – Typical Property and Lease Terms

 

Price Range:	$2 mm - 4 mm
Cap Rate:	6.25%
Net Income:	$160,000
Price Per foot:	$600 PSF
Building Size:	4,500 SF
Lot Size:	1 Acre
Escalations:	Various
Lease Term:	15-20 Years
Lease Type:	NNN
Credit Rating:	Franchisee

 

Tenant Company Information:

Culver Franchising System, Inc., doing business as Culver’s, is a privately owned and operated American casual fast food restaurant chain that operates primarily in the Midwestern United States. The chain is mostly known for its “Butterburgers” and frozen custard, but also offers cheese curds, chicken, fish, and salads. Culver’s opened its first restaurant in 1984 in Sauk City, Wisconsin, and is currently headquartered in Prairie du Sac, Wisconsin.[1] As of June 24, 2019, the chain had 710 restaurants in 25 states,[2] mostly in the Midwest, with an additional 18 under construction.

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