This is a NNN Sale producing 5.75% return on investment, within 28 months before the new bump of 10% bringing the income to $349,418 to and a 6.3% return with bumps of 10% every 5 years. There is 12 years remaining on the lease by award winning franchisee with 32 locations throughout Florida and Georgia, with 3 Five Year option for this high performing store.
Financial Considerations
Price:
$5,400,000
HOA Fee:
N/A
Tax Amount:
$39507.63
Price per SqFt:
$429.39
Tax Legal Description:
SEC 24 TWP 15 RGE 21 PLAT BOOK C PAGE 51 SUNSET AD BLK E LOTS 1.2.3.12.13.14 LESS AND EXC THE ELY 98 FT OF LOT 14 & THE S 6.07 FT OF THE ELY 98 FT OF LOT 1 TOGETHER WITH THAT PART OF ABROGATED ALLEY LYING BETWEEN LOTS
Exterior Features
Lot Size:
110642
Lot Features:
Central Business District, Curb and Gutters, City Limits, Landscaped, Near Public Transit, Oversized Lot, Retention Pond, Paved