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. Large lot with two access points
Executive Summary
Low price point. Strong guaranty
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,995
- Building Class B
- Year Built 1994
- Price 1,438,000
- Price Per SF 480
- Cap Rate 5.75
- NOI 82,687
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.00 AC
Property Taxes
| Parcel Number | 40-04-25-020897-000-00 | Improvements Assessment | $387,998 |
| Land Assessment | $367,217 | Total Assessment | $755,215 |
| Date Created: | 2024-07-16 04:09:28 | Last Updated: | 2024-07-16 04:09:28 |
| Address: | 1110 Blanding Blvd , Orange Park, Florida, 32065 | ||