Domino's in Gainesville, FL MSA | Abs NNN 7403 State Road 21

7403 State Road 21 , Keystone Heights, Florida, 32656 | 2,880 sq.f | $ 827,000

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About This Restaurant

Investment Highlights

Over 9 Years Remaining | Annual Rental Increases | Established Brand Dense Retail Corridor | Strong National/Credit Tenant Presence | Keystone Heights High School (1,236 students) Strong Demographics in 5-Mile Trade Area | Gainesville MSA Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Situated Along State Hwy 21 (9,300 VPD) | Excellent Visibility & Access

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, Domino?s investment property located in Keystone Heights, Florida (Gainesville MSA). The tenant, Domino?s, has over 9 years remaining 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 option periods, steadily growing NOI and hedging against inflation. The subject property has a rent to sales ratio of 2.41%. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1960, Domino?s Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. It ranks among the world?s top public restaurant brands with a global enterprise of more than 20,000 stores in over 90 markets.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
  • Building Size    2,880
  • Building Class    C
  • Year Built/Renovated    1974/1995
  • Price    827,000
  • Price Per SF    287
  • Cap Rate    5.85
  • NOI    48,390
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.75 AC

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage

Property Taxes

Parcel Number 17-08-23-001795-000-00 Improvements Assessment $108,801
Land Assessment $251,199 Total Assessment $360,000
Date Created: 2024-07-16 04:13:32 Last Updated: 2024-07-16 04:13:32
Address: 7403 State Road 21 , Keystone Heights, Florida, 32656