About This Restaurant
Investment Highlights
Total renovation underway; Tenant signed a new 10-year abs. NNN lease Located on US Hwy 27, the primary thoroughfare in Lake Placid (18,700 AADT) Trulieve is #1 cannabis operator in Florida 3% annual increases and 2-5-Year options to renew Located across from a 94,000 SF Publix-anchored center 3-mile demos: 10,755 residents with $66,697 average HH income
Executive Summary
RIPCO REAL ESTATE is pleased to present for sale 413 US HIGHWAY 27 NORTH, a 5,758 SF, single-tenant asset. The property is occupied by Trulieve, a publicly traded cannabis operator ranked #1 in Florida, who recently signed a new 10-year, absolute NNN lease, relieving the landlord of any property-related expenses. *Representative photo. Property is under renovation.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Restaurant
- Building Size 5,758
- Building Class C
- Year Built/Renovated 1978/2024
- Price 1,791,138
- Price Per SF 311
- Cap Rate 6.50
- NOI 116,424
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 1.02 AC
Amenities
- Freeway Visibility
- Drive Thru
Property Taxes
| Parcel Number | P-31-36-30-080-00B2-0000 | Improvements Assessment | $106,560 |
| Land Assessment | $400,257 | Total Assessment | $506,817 |
| Date Created: | 2024-07-16 04:13:31 | Last Updated: | 2024-07-16 04:13:31 |
| Address: | 413 US Hwy 27 , Lake Placid, Florida, 33852 | ||