8184 Laura Ln - Restaurant FOR SALE


Davenport, FL 33896- ChampionsGate
$2,012,338 USD
925-348-1844
8184 Laura Ln, Davenport, FL for Sale
$2,012,338 USD
Restaurant - FOR SALE
1/2
null | 6.5% Cap Rate

8184 Laura Ln
Davenport, FL 33896
ChampionsGate


HIGHLIGHTS

  • New 15-Year Absolute NNN Lease: Long-term investment with zero landlord obligations
  • Corporate Guarantee: Backed by Red Robin for stability and reliability
  • Excellent Access and Visibility: Prime location with easy access and high visibility
  • Just off Interstate 4: High-traffic area with great connectivity
  • Income Tax Free State
  • Surrounded by Major Retailers: Includes Panera, Miller's Ale House, Walgreens, Wendy's, Dunkin', Publix, and more, driving continuous foot traffic

OVERVIEW

This is a prime opportunity to acquire a long-term, absolute NNN leased Red Robin property located in Davenport, Florida. The property is corporately guaranteed by Red Robin and operates under a lease with zero landlord obligations. The lease agreement features 10% rental increases every five years, ensuring a strong and stable income stream over the long term. Additionally, the lease includes four, five-year options to renew. The property benefits from its strategic location on Laura Lane, just off Interstate 4, enhancing visibility and providing excellent access to a high-traffic area. Surrounded by major retailers such as Panera, Walgreens, Wendy's, Dunkin', and Publix, this location is poised for long-term growth and stability in rental income. The building consists of 4,622 SF of retail space, offering ample room for operations. Offered at a price of $2,012,338, with a cap rate of 6.50% based on a Net Operating Income (NOI) of $130,803, this property presents an attractive long-term investment opportunity in a high-demand retail location.

FOR SALE DETAILS

PRICE

$2,012,338 USD

PRICE/SF

$441 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

OPD

APN/PARCEL ID

33-25-27-3237-0001-0010

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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