NNN Investment Sale - Cielito Lindo Mexican 1701 N Rock Springs Rd

1701 N Rock Springs Rd , Apopka, Florida, 32712 | 5,278 sq.f | $ 2,058,000

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About This Restaurant

Investment Highlights

Executive Summary

? True triple net lease structure.? Experienced operator with 6 different locations and a personally guaranteed lease.? 9 years of remaining lease term providing an excellent opportunity for investors looking for an annuity-type investment with minimal landlord responsibility.? Abundant parking with 38 surface spaces giving the asset over a 9/1,000 parking ratio.? The Property has been meticulously maintained and was completely renovated with high-quality upgrades including a new roof and HVAC systems in 2022.? Located in rapidly growing Northeast Apopka near to Wekiwa Springs State Park, a 7,000-acre state park with rivers and natural springs. The park draws in over 324,127 annual visitors.? Dense residential immediately surrounding the Property.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
  • Building Size    5,278
  • Building Class    B
  • Year Built    2005
  • Price    2,058,000
  • Price Per SF    390
  • Cap Rate    7
  • NOI    144,045
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.16
  • Land Acres    0.76 AC

Property Taxes

Parcel Number 28-2034-9122-00-060 Improvements Assessment $561,934
Land Assessment $795,923 Total Assessment $1,357,857
Date Created: 2024-07-16 04:13:33 Last Updated: 2024-07-16 04:13:33
Address: 1701 N Rock Springs Rd , Apopka, Florida, 32712