1403 N Woodland Blvd - Restaurant FOR SALE


Deland, FL 32720
$1,067,000 USD
407-261-4404
1403 N Woodland Blvd, Deland, FL for Sale
$1,067,000 USD
Restaurant - FOR SALE
1/3
null | 5.65% Cap Rate

1403 N Woodland Blvd
Deland, FL 32720


HIGHLIGHTS

  • Well Established Location: Successfully operating in this location for 50+ years.
  • Large YUM! Brands Franchisee: Own and operates 102 Pizza Hut locations in Central Florida, 40 Taco Bells and 7 KFCs.
  • Short-term NNN Lease with Upside Potential: 4 years remaining with no option periods. Tenant has previously extended the lease four times.
  • Strong Rent Bumps: 4% annual rent increases.
  • Absolute NNN Lease: No landlord responsibilities.
  • Tenant Committed to Location: Tenant recently replaced the roof and signed a 5-year extension.

OVERVIEW

Simaan Real Estate is pleased to exclusively offer the opportunity to acquire the 100% fee simple interest in an absolute net leased Pizza Hut, strategically located on US-92 (N. Woodland Boulevard) in Deland, Florida, 30 miles North of Orlando. The subject property is within Deland’s most dense retail corridor and has excellent exposure with convenient ingress/egress. This investment property offers stable income with scheduled annual increases, supported by a strong tenant and a favorable retail submarket. Pizza Hut has successfully operated at this location for over 50 years with multiple lease extensions and the tenant recently replaced the roof, demonstrating their commitment to the property. The absolute NNN lease structure is very desirable for passive real estate investors looking for no landlord responsibilities.

FOR SALE DETAILS

PRICE

$1,067,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

05C-2

APN/PARCEL ID

7004-02-04-0053

ASK ABOUT THIS PROPERTY

Toufic SimaanSimaan Real Estate, LLCMore Info
407-261-4404

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

Toufic SimaanSimaan Real Estate, LLCMore Info
407-261-4404

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