1698 Main St - Restaurant FOR SALE


Chipley, FL 32428
$3,600,000 USD
813-434-8278
1698 Main St, Chipley, FL for Sale
$3,600,000 USD
Restaurant - FOR SALE
1/9
null | 6.01% Cap Rate

1698 Main St
Chipley, FL 32428


HIGHLIGHTS

  • Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Directly Off I-10 | Surrounding Retailers | Top-Performing Location | Large Parcel Size
  • Brand New 20-Year Lease | Corporate Signed | Options to Extend | Rental Increases | 9 Tesla Charging Stations | Burger King Sublease

OVERVIEW

The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend The lease is corporate signed by CrossAmerica Partners, an established gas station operator with over 1,800 locations The lease features 7.5% rental increases every 5 years and at the beginning of each option, generating NOI and providing a hedge against inflation The site is equipped with 9 Tesla Supercharging stations and features a Burger King operating on the premises

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$539 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cross America Partners - Chipley FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

-

APN/PARCEL ID

00000000-00-2341-0005

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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