450047 State Road 200 - Fast Food FOR SALE


Callahan, FL 32011
$2,600,000 USD
516-428-6351
450047 State Road 200, Callahan, FL for Sale
$2,600,000 USD
Fast Food - FOR SALE
1/5
null | 5.58% Cap Rate

450047 State Road 200
Callahan, FL 32011


HIGHLIGHTS

  • Built in 2020 (newer construction)
  • Absolute NNN lease — no landlord responsibilities
  • Guaranteed by Sailormen Inc.
  • Drive-thru location
  • Surrounded by national retailers including McDonald’s, Hardee’s, Taco Bell, CVS, Dollar General, and others

OVERVIEW

Silber Investment Properties is pleased to Exclusively present an opportunity to own a net leased Popeye's in the heart of Callahan, FL. Situated along a well-traveled corridor, this location serves as a convenient quick-service restaurant for the surrounding community. The property is secured by a long-term Absolute NNN lease guaranteed by Sailormen, Inc. Popeyes built this location in 2020 and has 9yrs remaining with 5 (5yr) options and 10% increases every 5 years. This property is ideal for investors looking for a net leased asset in Income Tax Free State of Florida with minimal landlord responsibilities. Please reach out for additional information!

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,229 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeye's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Commercial

APN/PARCEL ID

29-2N-25-0000-0012-0000

ASK ABOUT THIS PROPERTY

Angie BritezSilber Investment Properties, LTDMore Info
516-428-6351

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Angie BritezSilber Investment Properties, LTDMore Info
516-428-6351

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