4390 US Highway 27 - Restaurant FOR SALE


Sebring, FL 33870
$2,105,000 USD
212-430-5180
4390 US Highway 27, Sebring, FL for Sale
$2,105,000 USD
Restaurant - FOR SALE
1/5
null | 5.8% Cap Rate

4390 US Highway 27
Sebring, FL 33870


HIGHLIGHTS

  • Absolute NNN Denny’s w/No Landlord Responsibilities
  • Long Term Lease Providing Ideal Passive Investment
  • Strong Franchisee Guarantee
  • Hotel Anchored Site Within Dense Residential Node
  • Positioned Within a Highly Active Retail Corridor
  • Strong Population Growth and Demographics

OVERVIEW

- Absolute NNN Denny’s w/No Landlord Responsibilities: Absolute NNN Denny’s Located on a Heavily Trafficked Intersection of US Highway 27 (42,500 Vehicles Per Day (VPD)) and Keiber Boulevard in Sebring, Highlands County, Florida - Long Term Lease Providing Ideal Passive Investment: Denny’s Has Nearly Thirteen Years Remaining in the Base Term of Their Lease in Addition to 10 Percent Rent Increases Every 5-Years as a Hedge Against Inflation Making This a High Quality Passive Investment - Strong Franchisee Guarantee: Lease Guaranteed by EYM Diner - a Highly Reputable and Experienced Operator of Denny’s Dining Restaurants in Both Texas and Florida Since 2012 with 28 Units Currently Operating - Hotel Anchored Site Within Dense Residential Node: Strategic Location in Front of Holiday in Express Across from the Entrance to Tanglewood, a 350 Acre Gated Community for Active Retirees Providing a Secure, Built in Customer Base - Positioned Within a Highly Active Retail Corridor: Surrounded by a Host of the Nation’s Most Successful National Retailers Including Publix, Walmart, WinnDixie, Ross Dress for Less, Michaels Marshalls, and McDonalds, Among Many Others - Strong Population Growth and Demographics: Area Projected to Experience Robust Population Growth Estimated at Over Five Percent Between 2023 and 2028 Within a One-Mile Radius with Over 44,000 People Living in a 5-Mile Radius

FOR SALE DETAILS

PRICE

$2,105,000 USD

PRICE/SF

$421 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's I 12+ Year Lease I Huge Traffic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

C1

APN/PARCEL ID

S-03-34-28-010-00A0-0040

ASK ABOUT THIS PROPERTY

Christopher PappasMarcus & MillichapMore Info
212-430-5180

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Christopher PappasMarcus & MillichapMore Info
212-430-5180

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