19151 Florida Blvd - Freestanding FOR SALE


Albany, LA 70711
$710,000 USD
502-442-7079
19151 Florida Blvd, Albany, LA for Sale
$710,000 USD
Freestanding - FOR SALE
1/6
null | 7.02% Cap Rate

19151 Florida Blvd
Albany, LA 70711


HIGHLIGHTS

  • 6+ Years Remaining | Scheduled Rental Increases | Strong Franchisee
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Along Florida Blvd | Interstate 20 | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has 6+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 6% rental increase next year and a 6% rental increase in the first option, the remaining 3 options have 5% rental increases, growing NOI and hedging against inflation • JJB Brands was founded in 2017 with the acquisition of 35 Pizza Huts in Mississippi. Today, the company represents Checker’s and Moe’s, with more than 100 restaurants across five states

FOR SALE DETAILS

PRICE

$710,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GC

APN/PARCEL ID

292771

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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