14415 Cortez Blvd - Restaurant FOR SALE


Brooksville, FL 34613
$4,184,000 USD
813-434-8278
14415 Cortez Blvd, Brooksville, FL for Sale
$4,184,000 USD
Restaurant - FOR SALE
1/12
null | 4.9% Cap Rate

14415 Cortez Blvd
Brooksville, FL 34613


HIGHLIGHTS

  • New 10-Year Ground Lease | Options To Extend | Scheduled Rental Increases | Leading Italian Restaurant Chain
  • Abs. NNN Ground Lease | Land Ownership | No State Income Tax | Zero Landlord Responsibilities
  • Fronting Cortez Road | Off Suncoast Pkwy | Part of Larger Retail Development | Growing Trade Area
  • Demographics In 5-mile Trade Area | Annual Population Growth

OVERVIEW

• The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend • The lease features 10% rental increases every 5 years throughout the initial term and during each option period • Olive Garden is the leading restaurant in the Italian dining segment with over 2,100 restaurants, more than 195,000 employees and more than $10.5 billion in annual sales

FOR SALE DETAILS

PRICE

$4,184,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Olive Garden - Brooksville FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

157

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

Commercial

APN/PARCEL ID

R27-422-18-0000-0020-0000

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.