About This Restaurant
Investment Highlights
Long-Term, Absolute Triple Net (NNN) Lease | Over 15 Years Remaining World?s Largest Seafood Restaurant | Serving Customers in 11 Countries Orange Park Mall and Argyle Village Shopping Center Located Down the Road |Several Anchor Tenants
Executive Summary
NNN Pro Group is pleased to present the Red Lobster located at 32 Blanding Boulevard in Orange Park, FL. The site consists of roughly 8,032 rentable square feet of building space on an estimated 2.00-acre parcel of land. This property is subject to an absolute triple net (NNN), which expires on July 31, 2039. The rent is scheduled to increase by 2% annually every and in each of the option periods.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 8,032
- Building Class B
- Year Built 1980
- Price 5,185,630
- Price Per SF 646
- Cap Rate 6.75
- NOI 350,030
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 2.00 AC
Amenities
- Pylon Sign
Nearby Amenities & Transportation
| Retail | Buffalo Wild Wings | ||
| Retail | Bank of America | ||
| Retail | Red Lobster | ||
| Retail | Crunch | ||
| Retail | Planet Fitness | ||
| Retail | Panda Express | ||
| Retail | PNC Bank | ||
| Retail | Denny's | ||
| Retail | Carrabba's Italian Grill | ||
| Retail | Mission BBQ |
Property Taxes
| Parcel Number | 06-04-26-010681-005-00 | Improvements Assessment | $1,119,019 |
| Land Assessment | $453,663 | Total Assessment | $1,572,682 |
| Date Created: | 2024-07-16 04:13:31 | Last Updated: | 2024-07-16 04:13:31 |
| Address: | 32 Blanding Blvd , Orange Park, Florida, 32073 | ||