40 Towne Center Cir - Fast Food FOR SALE


Sanford, FL 32771
$1,675,000 USD
689-666-9560
40 Towne Center Cir, Sanford, FL for Sale
$1,675,000 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

40 Towne Center Cir
Sanford, FL 32771


OVERVIEW

STNL.com is pleased to present this 100% fee simple STNL Steak ‘n Shake restaurant in Sanford, FL, located in the center of the city’s biggest retail corridor. Four reasons to acquire this property include: 1. Costco Development: Soon to replace the Seminole Towne Center mall is the development of a Costco Wholesale store, the only of its kind in a radius of 12 miles that gives your Steak ‘n Shake prime position to benefit off what promises to be the busiest retail hub in Sanford. 2. Soaring Traffic Counts: Nestled between two of Central Florida’s busiest thoroughfares that combine to see over 200,000 VPD in Interstate-4 and State Road 417, Steak ‘n Shake sits ready to enjoy the constant flow of traffic in its immediate area, whether passing through or destination shopping in Sanford. 3. Durable Operational History: Steak ‘n Shake has operated at this site for thirty years since its grand opening in 1995. Having already exercised three options on this site, Steak ‘n Shake has shown full commitment to staying in this bustling Sanford market. 4. Below Market Rent: Steak ‘n Shake benefits from having one of the lowest rents per square foot of its surrounding peers. This lower rent increases the chance that the Tenant will maintain a strong rent-to-sales ratio and if the Tenant leaves the property in the future there is upside for a potential higher rent for a new tenant.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steak 'N Shake

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

PD

APN/PARCEL ID

32-19-30-5MR-2700-0000

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

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