2062 FL-19 - Fast Food FOR SALE


Tavares, FL 32778
$2,800,000 USD
818-632-9542
2062 FL-19, Tavares, FL for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/3
null | 5.5% Cap Rate

2062 FL-19
Tavares, FL 32778


HIGHLIGHTS

  • Long-Term NNN Lease
  • Rental Growth
  • National QSR Brand
  • Florida Growth Market
  • Signalized Corner Location
  • Strong Traffic Counts

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 2062 Florida 19, Tavares, FL 32778. The site consists of roughly 2,146 rentable square feet of building space on an estimated .78-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $154,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,436 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

RSF-1

APN/PARCEL ID

06-20-26-0001-000-00801

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

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