2457 S Highway 27 - Restaurant FOR SALE
Clermont, FL 34711 |
$2,577,000 USD
415-971-4347
2457 S Highway 27
Clermont, FL 34711
HIGHLIGHTS
- The offering is a Texas Roadhouse corporate ground lease, located in Clermont and less than 25 miles from downtown Orlando
- Absolute NNN lease structure with scheduled rent growth during the primary term and option periods
- Texas Roadhouse recently signed a 15-year lease extension through March 2040, which includes two 5-year options, and 10% rental increases every 5 year
- The subject property is located on S Highway 27, which is a well-trafficked north south arterial that converges with E Highway 50
- Texas Roadhouse is an outparcel to a premier shopping center that serves the residents of Clermont, a growing suburb just west of Orlando
- Clermont Landing features national retailers such as TJ Maxx, Ross, Michaels, JC Penney, and Epic Theaters
FOR SALE DETAILS
PRICE
$2,577,000 USD
PRICE/SF
$299 USD /SF
CAP RATE
4.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Texas Roadhouse
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.74 AC
LAND SF
75,988 SF
ZONING
-
APN/PARCEL ID
29-22-26-1000-000-00200
ASK ABOUT THIS PROPERTY
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415-971-4347
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415-971-4347
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