8534 Navarre Pky - Fast Food FOR SALE


Navarre, FL 32566
$1,883,000 USD
949-506-2009
8534 Navarre Pky, Navarre, FL for Sale
$1,883,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

8534 Navarre Pky
Navarre, FL 32566


HIGHLIGHTS

  • New Construction | 15-Yr NNN | 40+ Unit Guarantor | $2MM+ AUV
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Premier Retail Location | Highway 98 Frontage (44,500 VPD) | Dense National Retail Trade Area
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest (land ownership) in a brand-new, Absolute NNN Ground Lease investment, franchisee guaranteed by 7Crew, LLC. This asset is located at 8534 Navarre Parkway in the high-growth coastal community of Navarre, Florida. The tenant, 7Crew Florida LLC, has executed a new 15-year lease with four (4) five-year renewal options, showcasing a long-term commitment to this premier location. The lease includes 10% rental escalations every five years throughout the initial term and at the start of each option period, providing consistent NOI growth and a hedge against inflation. As a true absolute NNN lease, the tenant is responsible for all taxes, insurance, CAM, and maintenance, offering a passive, management-free investment ideal for passive investors, including those located out-of-state.

FOR SALE DETAILS

PRICE

$1,883,000 USD

PRICE/SF

$3,692 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

7Brew | New 15yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

HCD

APN/PARCEL ID

21-2S-26-2710-00700-0090

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 Policy.