1355 Washington, Oroville, California 95965

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.