About This Restaurant
Investment Highlights
Leased guaranteed by publicly traded Meritage Hospitality Group, Inc (OTCQX: MHGU). 385 restaurants in 16 states. Fee simple ownership allows depreciation. Florida has no state income tax. Absolute NNN lease. Across from Middleburg Elementary School.
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 3,069
- Building Class B
- Year Built 2000
- Price 1,821,520
- Price Per SF 594
- Cap Rate 5.75
- NOI 104,738
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.02 AC
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 14-05-24-006330-002-00 | Improvements Assessment | $446,250 |
| Land Assessment | $433,893 | Total Assessment | $880,143 |
| Date Created: | 2024-07-16 04:09:28 | Last Updated: | 2024-07-16 04:09:28 |
| Address: | 2530 Blanding Blvd , Middleburg, Florida, 32068 | ||