About This Restaurant
Investment Highlights
Directly Off Interstate 4 (93,000 VPD) | Strong Tenant Synergy | Drive-Thru Equipped | Excellent Visibility & Ease of Access Ideal Demographics Local Trade Area | Population Growth (YOY) Deltona Village Development (140 Acre) | Deltona High School | Amazon Distribution Expansion | Medical Center of Deltona
Executive Summary
Part of Deltona Village Mixed-Use Development (140 Acres)Corporate Guaranty (S&P: BBB+)No State Income TaxThe local trade area is anticipating a 1.88% YOY population increase from 2023-20382023 - Second Quarter Earnings Report Highlights:During Q2 2023, U.S. comparable store sales increased 12%, driven by a 6% increase in comparable transactions and a 6% increase in average ticketOpened 464 new stores in Q2 2023 (100+ in North America & 360+ internationally), 36,634 total locationsGAAP operating margin increase to 15.2% compared to 12.4% in the previous year
Property Details
- Sale Type Investment
- Sale Condition Build to Suit
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
- Building Size 2,630
- Building Class B
- Year Built 2023
- Price 3,883,000
- Price Per SF 1,476
- Cap Rate 5.15
- NOI 200,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.86 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 8107-06-00-0056 | Improvements Assessment | $574,803 |
| Land Assessment | $0 | Total Assessment | $574,803 |
| Date Created: | 2024-07-16 04:13:32 | Last Updated: | 2024-07-16 04:13:32 |
| Address: | 3221 Howland Blvd , Deltona, Florida, 32725 | ||