5779 E Fowler Ave - Restaurant FOR SALE


Temple Terrace, FL 33617
$5,362,000 USD
813-683-5115
5779 E Fowler Ave, Temple Terrace, FL for Sale
$5,362,000 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

5779 E Fowler Ave
Temple Terrace, FL 33617


HIGHLIGHTS

  • Experienced Operator (100+ Units) | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • University Mall | University of South Florida | Dense Retail Corridor
  • Signalized, Hard Corner Intersection | High Traffic Intersection |Excellent Visibility & Access
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

• Neighborhood Restaurant Partners guaranteed lease, Neighborhood Restaurant Partners is a 100+ unit franchisee • 8+ years remaining with 6 (5-year) option periods to extend • The lease features 1% rental increases annually throughout the initial term and each option period

FOR SALE DETAILS

PRICE

$5,362,000 USD

PRICE/SF

$1,140 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's - Tampa (Temple Terrace) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,843 SF

ZONING

C-G

APN/PARCEL ID

T-15-28-19-54W-000000-00001.0

ASK ABOUT THIS PROPERTY

Jarrett SlearSRS Real Estate PartnersMore Info
813-683-5115

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Jarrett SlearSRS Real Estate PartnersMore Info
813-683-5115

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