169 S US Highway 17 - Fast Food FOR SALE
East Palatka, FL 32131 |
$2,435,616 USD
305-395-6972
169 S US Highway 17
East Palatka, FL 32131
HIGHLIGHTS
- 15-year absolute triple-net lease with approximately 8.5 years remaining on the primary term
- Lease guaranteed by U.S. Leader Restaurants, Inc., a well-capitalized and experienced Taco Bell franchisee
- Occupied by Taco Bell, one of the nation's leading quick-service restaurant brands
- Built in 2019, features Taco Bell's current prototype design with drive-thru capabilities
- 10% rental escalations every five years provide predictable and growing income streams
- Located within a thriving retail corridor anchored by Walmart, Publix, and Tractor Supply Co.
FOR SALE DETAILS
PRICE
$2,435,616 USD
PRICE/SF
$895 USD /SF
CAP RATE
6.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
19
LAND DETAILS
LAND ACRES
1.31 AC
LAND SF
57,064 SF
ZONING
-
APN/PARCEL ID
38-10-27-0000-069.0-001.0,38-10-27-0000-0690-0000
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305-395-6972
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305-395-6972
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