About This Restaurant
Investment Highlights
Anchor Tenant - Subway High Visibility Under-Valued Lease Rates Diverse Tenant Mix Ample Parking
Executive Summary
Prime Commercial Shopping Plaza with High Visibility on Tamiami Trail, includes a vacant buildable lot behind the building. Investment opportunity in the heart of a bustling commercial district. This well-maintained shopping plaza, strategically located on the prominent Tamiami Trail, boasts exceptional visibility and exposure, making it a sought-after destination for businesses and customers alike. Anchor Tenant - Subway:The plaza is anchored by the renowned Subway, a globally recognized brand, ensuring a steady and reliable stream of foot traffic. The presence of such a well-established tenant enhances the desirability of the entire complex.Diverse Tenant Mix:With a total of five tenants, including long-standing businesses, this plaza offers a diverse tenant mix, creating a dynamic and vibrant atmosphere. The stability and reputation of existing tenants contribute to the overall appeal and success of the property.Strategic Location:Situated on Tamiami Trail, one of the busiest thoroughfares in the area, the plaza enjoys unparalleled visibility and accessibility. This prime location ensures that businesses within the complex benefit from a high volume of daily passersby, maximizing exposure and potential customer reach.Under-Valued Lease Rates:The current lease rates are positioned below market value, presenting a significant opportunity for savvy investors. There is substantial room for lease rate increases, providing potential for enhanced revenue and long-term profitability.Ample Parking:Convenience is key, and this commercial plaza offers ample parking space for both tenants and customers. Ease of access and hassle-free parking contribute to a positive and customer-friendly shopping experience.
Property Details
- Sale Type Investment
- Sale Condition 1031 Exchange
- Property Type Retail Retail General Retail Convenience Store General Retail Fast Food General Retail Storefront Retail
- Building Size 4,204
- Building Class C
- Year Built/Renovated 1979/2019
- Price 1,500,000
- Price Per SF 357
- Cap Rate 5.13
- NOI 76,903
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.42
- Land Acres 0.23 AC
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Signage
Date Created: | 2024-07-16 04:13:32 | Last Updated: | 2024-07-16 04:13:32 |
Address: | 3315 Harbor Blvd , Port Charlotte, Florida, 33952 |