20133 Cortez Blvd - Fast Food FOR SALE


Brooksville, FL 34601- Brooksville Area
$1,620,000 USD
949-603-0365
20133 Cortez Blvd, Brooksville, FL for Sale
$1,620,000 USD
Fast Food - FOR SALE
1/11
null | 5.25% Cap Rate

20133 Cortez Blvd
Brooksville, FL 34601
Brooksville Area


HIGHLIGHTS

  • ±7 Years Remaining | 5th Largest Burger King Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Quality Dining, Inc. | Experienced National QSR Operator
  • Surrounded by Major National Retailers
  • Strategically Positioned | Cortez Boulevard (32,500 VPD) | Excellent Visibility & Dual Drive-thru
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an Absolute NNN, freestanding, drive-thru equipped Burger King investment property located in Brooksville, FL. The tenant, Bravotampa LLC (140+ Units), subsidiary of Quality Dining, Inc. (QDI), has approximately 7 years of term remaining, with an additional five (5) 5-year option periods to extend. The lease features a 10% rental increase in year 11 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is Absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1954, Burger King is among the leading global QSR hamburger chains, with over 30,000 restaurants in 120+ countries.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Burger King | 7yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

Commercial

APN/PARCEL ID

R28-222-19-1295-0000-0020

ASK ABOUT THIS PROPERTY

Hoffman MooreSRS National Net LeaseMore Info
949-603-0365

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Hoffman MooreSRS National Net LeaseMore Info
949-603-0365

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