9925 US-441 - Fast Food FOR SALE


Leesburg, FL 34788
$3,682,000 USD
954-302-7365
9925 US-441, Leesburg, FL for Sale
$3,682,000 USD
Fast Food - FOR SALE
1/11
null | 4.3% Cap Rate

9925 US-441
Leesburg, FL 34788


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases | April 2024 Opening | Established Tenant | New Construction
  • Absolute NNN Ground Lease | Leased Fee | No State Income Tax Zero Landlord Responsibilities
  • Lake Square Mall (728,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Near Signalized, Hard Corner Intersection | Drive-Thru Equipped Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant, Chick-fil-A, Inc currently has 13+ years remaining on their initial lease with 13 (5-year) options to extend, demonstrating their long-term 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, growing NOI and hedging against inflation • The site features a newly constructed, drive-thru equipped building with modern amenities and design • Store recently opened in April 2024 • Chick-fil-A serves freshly prepared food in more than 2,774 restaurants in 50 states, Washington, D.C., and Canada

FOR SALE DETAILS

PRICE

$3,682,000 USD

PRICE/SF

$645 USD /SF

CAP RATE

4.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A - Orlando (Leesburg) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

Highway Commercial

APN/PARCEL ID

01-19-25-0500-047-00800

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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