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. Big traffic count (62,000 vpd)
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 2,662
- Building Class B
- Year Built 1976
- Price 1,438,000
- Price Per SF 540
- Cap Rate 5.75
- NOI 82,688
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.57 AC
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 41-04-26-018527-001-00 | Improvements Assessment | $272,800 |
| Land Assessment | $403,766 | Total Assessment | $676,566 |
| Date Created: | 2024-07-16 04:09:28 | Last Updated: | 2024-07-16 04:09:28 |
| Address: | 753 Park Ave , Orange Park, Florida, 32073 | ||