4302 N Armenia Ave - Fast Food FOR SALE


Tampa, FL 33607- Stadium Area
$2,585,000 USD
818-933-0350
4302 N Armenia Ave, Tampa, FL for Sale
$2,585,000 USD
Fast Food - FOR SALE
1/5
null | 5.5% Cap Rate

4302 N Armenia Ave
Tampa, FL 33607
Stadium Area


HIGHLIGHTS

  • 5.50% Cap Rate on Current Rent
  • Guaranteed By KBP Foods, LLC (1,100+ Locations)
  • 10% Rent Bumps Every 5 Years
  • Co-Branded Location
  • Absolute Triple Net

OVERVIEW

This rare dual branded location includes both Taco Bell and KFC. It is well located and maintained, and is on an absolute triple net lease. There are no Landlord responsibilities. The building square footage totals 3,405, with almost a 40,000 square foot lot. The current lease expires on February 28, 2033, with the tenant having two additional 5-year options. The lease is guaranteed by KBP Foods, LLC. They operate restaurants in 32 States, have over 20,000+ employees, and operate over 1,100 QSR restaurants and do over $1 Billion a year is sales volume. * 5.5% Cap Rate * Located in Tampa, the 4th largest MSA in the Southeast * 10% rent increases every 5 years (Next bump is in March 2028) * Densely populated area with over 137,000 people within 3 miles * Florida is a tax-free income state

FOR SALE DETAILS

PRICE

$2,585,000 USD

PRICE/SF

$759 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,790 SF

ZONING

CG

APN/PARCEL ID

A-10-29-18-3IV-000000-00013.1

ASK ABOUT THIS PROPERTY

Warren BerzackLee & Associates Commercial Real EstateMore Info
818-933-0350

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Warren BerzackLee & Associates Commercial Real EstateMore Info
818-933-0350

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