About This Restaurant
Investment Highlights
Brand New 15-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years with five 5-year renewal options! New, high-quality, build-to-suit construction to Slim Chickens latest prototype - slated to open June 2024 - Impressive double drive-thru Traffic counts of 41,592 CPD! Tampa?s Best Chicken LLC | Florida?s Best Chicken, LLC operates 4 locations with two more under construction and slated to open this year! This fee simple (land & building) ownership asset is currently under construction on a large ?1.07-acre lot 2023 DEMOGRAPHICS: Total Population (5-MI): 74,266 | Average Household Income (1-MI): $83,756 | Historical Annual Growth (2020-2023) (1-mi): 15.2%
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 3,622
- Year Built 2024
- Construction Status Under Construction
- Price 2,522,000
- Price Per SF 696
- Cap Rate 5.75
- NOI 145,015
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.07 AC
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 26-25-25-998496-000070 | Improvements Assessment | $838,547 |
| Land Assessment | $0 | Total Assessment | $838,547 |
| Date Created: | 2024-07-16 04:09:28 | Last Updated: | 2024-07-16 04:09:28 |
| Address: | 1229 Finley Ave , Davenport, Florida, 33897 | ||