2900 W Norvell Bryant Hwy - Fast Food FOR SALE
Lecanto, FL 34461 |
$2,662,000 USD
949-419-3267
2900 W Norvell Bryant Hwy
Lecanto, FL 34461
HIGHLIGHTS
- Property Is Secured by 20-Year Absolute NNN Lease W/ 13.25 Years Remaining, Guaranteed by WenCo Restaurant Group, LLC (39 Units)
- 7.5% Rent Increases Every Five Years, With Four (4) Five-Year Renewal Options Providing Long-Term Income Growth
- Located Along W. Norvell Bryant Hwy, This Wendy’s Benefits From Proximity to the Shoppes at Black Diamond, a 29-Acre Development
- Nearby Major Employers Including Citrus County School District, Citrus County Government, HCA Florida Hospital Inverness (900 Employees), etc
FOR SALE DETAILS
PRICE
$2,662,000 USD
PRICE/SF
$1,046 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy's – High Performing Location - 6.1% RTS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.47 AC
LAND SF
64,033 SF
ZONING
PSO
APN/PARCEL ID
18E-18S-22-0010-00000-1370
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949-419-3267
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949-419-3267
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