6861 US Highway 129 - Fast Food FOR SALE


Live Oak, FL 32060
$4,464,000 USD
949-506-2009
6861 US Highway 129, Live Oak, FL for Sale
$4,464,000 USD
Fast Food - FOR SALE
1/12
null | 6% Cap Rate

6861 US Highway 129
Live Oak, FL 32060


HIGHLIGHTS

  • 18+ Years Remaining | Strong Sales Performance | 1.5% Annual Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Walmart Supercenter | Interstate 10 (34,300 VPD)
  • Regional Hub | Suwannee County Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Zaxby’s investment property located in Live Oak, Florida. The tenant, Zaxby’s recently signed a new 20 year lease, demonstrating their commitment to the site. The lease features 1.5% annual increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$4,464,000 USD

PRICE/SF

$1,377 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's | #6 Store in FL | 18+ Yrs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

C-G

APN/PARCEL ID

12-02S-13E-04949-004000

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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