Join Free
Views: 60 DOM: 222 Updated: 06.04.24 Posted: 11.03.23 Status: Active


Price $1,905,000
Built/Renov 2023
Tenant Rally's
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,088
Lease Start 04-01-2024
#Units 20
Price/SF $1,750.92
Expiration 07-01-2039
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $91.91
Increases 10.0%/5/yrs
Pop 5Mi 433,837
Lot/AC 0.44
Options 0/0yrs
AHHI 5Mi $88,733

Lease Highlights

  • Brand-new 2023 construction
  • Rally’s recently signed a brand-new 15-year lease
  • Lease features 10% rental increases every 5 years throughout the initial term
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Wahid Karas (WNK Foods)

Location Description

Rally’s is located near the signalized, hard corner intersection of Cheyenne Ave. and Torrey Pines Drive, with access to 52,000 vehicles per day. The property has excellent visibility, significant street frontage, and multiple points of ingress/egress. Furthermore, the property will share the site with a new Human Bean Coffee. The property is ideally positioned just 3 blocks from Cheyenne...



  • 1 Mile
  • 3 Miles
  • 5 Miles


  • Tenant: Rally's
  • Guarantor:Franchisee
  • Company:Wahid Karas (WNK Foods)
  • # Units:20
  • Stock:Private

About Tenant

Rally’s Drive-In Restaurants is part of Checkers Drive-In Restaurants, Inc., and is one of the largest chains of double drive-thru restaurants in the United States. The company currently...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 22,386 182,714 442,644
2023 Total Population : 22,253 178,480 433,837
2023 Employed Civilian Pop : 10,550 84,661 200,557
2023 Total Businesses : 485 4,845 11,415
2023 Average Household Income : $ 71,101 $ 81,945 $ 88,733
2023 Total Consumer Spending : $ 526 M $ 4844 M $ 12374 M
2023 Median Age : 37 39 39
2023 Total Households : 8,510 67,991 160,905
2023 Pop Age 25+: Bachelor's Degree : 2,420 18,851 49,774
2023 Average Home Value : $ 422,839 $ 398,412 $ 421,825
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Cheyenne Ave N Sisk St 2013 35,963 0.03 mi
North Torrey Pines Drive W Cheyenne Ave 2018 47,475 0.04 mi
N Torrey Pines Dr W Cheyenne Ave 2013 5,175 0.05 mi
N Torrey Pines Dr W Cheyenne Ave 2013 5,175 0.10 mi
W Brooks Ave N Torrey Pines Dr 2009 929 0.27 mi
W Heather Mist Ln N Fern Hollow Ct 2009 484 0.31 mi
W Brooks Ave N Maverick St 2009 775 0.34 mi
N Whispering Willow Ln W Heather Mist Ln 2009 394 0.34 mi
N Whispering Willow Ln W Blossom Knoll Ave 2009 394 0.36 mi
W Cheyenne Ave N Rainbow Blvd 2017 42,525 0.37 mi

Listing Broker

Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT



my activity