Zaxby's | 14+yrs Remain Abs NNN w/ Annual Inc 2080 E Highway 50

2080 E Highway 50 , Clermont, Florida, 34711 | 3,683 sq.f | $ 3,779,000

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About This Restaurant

Investment Highlights

Over 14 Years Remaining | Options To Extend | Scheduled Rental Increases Clermont Town Center (212,000 SF) | Drive-Thru Equipped |Clermont College Station (119,000 SF) | Primary Retail Corridor Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, drive-thru equipped Zaxby?s investment property located in Clermont, Florida. The tenant has over 14 years remaining in their initial lease term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    3,683
  • Building Class    B
  • Year Built    2016
  • Price    3,779,000
  • Price Per SF    1,026
  • Cap Rate    5.50
  • NOI    207,872
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.90 AC

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Nearby Amenities & Transportation

Retail Carrabba's Italian Grill
Retail Starbucks
Retail Five Guys
Retail First Watch
Retail Steak ?n Shake
Retail Waffle House
Retail CFE Federal Credit Union
Retail Applebee's
Retail Mcalister's Deli
Retail Anytime Fitness

Property Taxes

Parcel Number 28-22-26-20000CA00000 Improvements Assessment $0
Land Assessment $0 Total Assessment $0
Date Created: 2024-07-16 04:13:32 Last Updated: 2024-07-16 04:13:32
Address: 2080 E Highway 50 , Clermont, Florida, 34711