About This Restaurant
Investment Highlights
Brand New 10-Year Lease | Scheduled Rental Increases | Options To Extend | Growing Brand Dense Retail/Industrial Corridor | Multiple Neaby Schools | Strong National/Credit Tenant Presence Strong Demographics in 5-Mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Signalized, Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, ANF Gyros & Grill, investment property located in Orlando, Florida. The tenant, ANF Gyros & Grill, recently signed a brand new 10 year lease with 1 (10-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual bumps throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding Fast Food
- Building Size 4,242
- Building Class B
- Year Built/Renovated 1989/2009
- Price 1,950,000
- Price Per SF 460
- Cap Rate 7
- NOI 136,590
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.91 AC
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
Parcel Number | 29-2217-6418-00-360 | Improvements Assessment | $350,113 |
Land Assessment | $957,388 | Total Assessment | $1,307,501 |
Date Created: | 2024-07-16 04:13:34 | Last Updated: | 2024-07-16 04:13:34 |
Address: | 2600 Dardanelle Dr , Orlando, Florida, 32808 |