About This Restaurant
Investment Highlights
US 41 high traffic location Sale price includes two additional commercial lots on US 41 Large Restaurant with longstanding tenant and renewal with increased rent at market rate
Executive Summary
Excellent net leased restaurant opportunity with a longstanding tenant. US 41 high traffic location. Sale price includes two additional commercial vacant lots on US 41 that total 15,000 sf which brings the cap rate to around 7.4%. Lease has four years remaining on a 10 year term with a 5 year renewal at $9,500 per month.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 7,452
- Building Class C
- Year Built 1981
- Price 1,699,000
- Price Per SF 228
- Cap Rate 6.09
- NOI 103,500
- Tenancy Single
- Building Height 1 Story
- Slab To Slab 12?
- Building FAR 0.17
- Land Acres 1.03 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 402216476005 402216476009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,156,921 |
| Date Created: | 2024-07-16 04:13:32 | Last Updated: | 2024-07-16 04:13:32 |
| Address: | 2746 Tamiami Trl , Port Charlotte, Florida, 33952 | ||