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2404 W US Highway 90 - Captin D's, Lake City, FL

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2404 W US Highway 90 - Captin D's

Lake City, FL 32055-4726

Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:2,804 SF Land Area:-
For Sale Price:$1,747,368 Price/SF:$623.17
Cap Rate:4.75 %

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors the ground lease Captain D' s property located in Lake City, Florida.

This Captain D' s will be operating under a brand new 20-year ground lease. The lease provides four (4), five-year renewal options featuring 10% increases every five (5) years.

Captain D' s is the nation' s leading fast casual seafood restaurant and was named the #1 seafood chain in the QSR 50, ranked by AUV. For the past 19 consecutive quarters, Captain D's generated system-wide growth in sales, new franchises and corporate growth.

Situated on US Highway 90 in the region' s primary commercial corridor, the Property is less than a mile from Interstate 75. The site boasts excellent real estate fundamentals high site visibility and strong traffic counts and is surrounded by major national retailers including Lowe' s, Walmart Supercenter, OfficeMax, Home Depot, AutoZone, IHOP and many more. Lake City Mall is directly across from the Property and includes JCPenney, Hibbett Sports, Belk and more.

Stan Johnson Company
Anne M Perrault
(918) 494-2690

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