Belleview, FL KFC 5120 SE Abshier Boulevard, Belleview, FL Cap Rate 5.15% Belleview (Bradenton, Florida, US ) Built

$1,142,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,500 sq. ft.
  • Development Level: Built
  • Year Built: 1985

Description

Belleview, FL KFC 5120 SE Abshier Boulevard, Belleview, FL Cap Rate 5.15%

Cap Rate: 5.15%
NOI: $58,794
Building Size: 2,500 sqft
Occupancy: 100%
Year Built: 1985

Price: $1,142,000 USD

DESCRIPTION
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, personal guaranteed, drive-thru equipped, Kentucky Fried Chicken, investment property located in Belleview, FL. The tenant, Florida Foods LLC, will execute a brand new 20-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend. The lease will feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is franchisee guaranteed for the entire lease term, and is personally guaranteed by the operator for 5 years. The lease is absolute NNN with zero landlord responsibilities.

The KFC is strategically situated along US Route 441 (31,500 VPD), a major north/south thoroughfare running from Miami to Georgia. The asset has easy access and excellent visibility due to its large pylon sign. The building is also equipped with drive-thru, providing ease and convenience for consumers. Additionally, the site is in close proximity to national/credit tenants including Publix, Save-a-lot, Walgreens, CVS Pharmacy, Dollar Tree, Dollar General, Family Dollar, Winn Dixie, Advance Auto Parts, and more, increasing consumer traffic to the subject trade area and promoting crossover shopping. The 5-mile trade area is supported by a population of over 48,600 residents with an average household income of $57,916.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#443691936
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Information is deemed to be correct but not guaranteed.