2650 SR 50 - Restaurant FOR SALE


Clermont, FL 34711- Minneola
$2,090,000 USD
404-504-7900
2650 SR 50, Clermont, FL for Sale
$2,090,000 USD
Restaurant - FOR SALE
1/7
null | 4.9% Cap Rate

2650 SR 50
Clermont, FL 34711
Minneola


HIGHLIGHTS

  • Absolute NNN Ground Lease
  • Future Upside Potential
  • Long-Term Operating History
  • Excellent Access & Visibility | Frontage Along East Highway 50
  • Outparcel to Target-Anchored Shopping Center
  • Orlando-Kissimmee-Sanford, FL MSA Advantage (MSA Population: 2.83M+)

OVERVIEW

CBRE is pleased to offer for sale the 5,442-square-foot Ruby Tuesday situated on 1.29 acres in Clermont, Florida — part of the Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 2.83M+). Originally set to expire in 2023, Ruby Tuesday exercised the first of four 5-year renewal options. The absolute NNN ground lease now has ±2.9 years of term remaining with 10% rent increases in the three remaining renewal options.

FOR SALE DETAILS

PRICE

$2,090,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday: Clermont, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

PUD

APN/PARCEL ID

22-22-26-0800-000-00500

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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