7820 113th St - Restaurant FOR SALE


Seminole, FL 33772- Seminole Grove
$5,354,000 USD
480-221-4221
7820 113th St, Seminole, FL for Sale
$5,354,000 USD
Restaurant - FOR SALE
1/7
null | 5% Cap Rate

7820 113th St
Seminole, FL 33772
Seminole Grove


HIGHLIGHTS

  • New 15-Year Lease | Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel To Highly-Ranked Publix | Seminole City Center
  • Strong Demographics In The Immediate 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, Wild Fork Foods investment property located in Seminole, Florida. The tenant, Wild Fork Foods, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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 a passive investor. The lease is guaranteed by Wild Fork Foods’ parent company, JBS USA Holding Lux S.a.r.l., the world’s largest producer of beef and poultry.

FOR SALE DETAILS

PRICE

$5,354,000 USD

PRICE/SF

$1,600 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wild Fork Foods | New 15yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-2

APN/PARCEL ID

28-30-15-75202-000-0014

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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