19570 Cochran Blvd - Restaurant FOR SALE


Port Charlotte, FL 33948
$3,043,000 USD
415-481-0788
19570 Cochran Blvd, Port Charlotte, FL for Sale
$3,043,000 USD
Restaurant - FOR SALE
1/5
null | 5.35% Cap Rate

19570 Cochran Blvd
Port Charlotte, FL 33948


HIGHLIGHTS

  • 20-year absolute NNN lease, plus three (3) five-year options
  • Outparcel to Kohl’s and PetSmart in a Major Retail Corridor
  • No landlord management, ideal for an out-of-area investor
  • 1.75% rental increase every year, providing a hedge against inflation
  • Guaranteed by Focus Brands, LLC, a leading developer of global multi-channel food service brands ($3.4B in revenue)
  • The McAlister’s brand has over 420 restaurants in 28 states and has been awarded numerous industry accolades for its service and customer service

OVERVIEW

Prominent Location in a Major Retail Center: Located near the intersection of Cochran Boulevard and U.S. Route 41 / Tamiami Trail with access to more than 76,000 vehicles per day Outparcel to The Home Depot, Kohl’s, and PetSmart: This McAlister’s Deli will capture a significant amount of crossover traffic from shoppers in this major retail center as well as from other nearby national retailers including Walmart Supercenter, Target, Best Buy, and Sam’s Club Reliable Customer Base: Less than two miles from Port Charlotte High School (1,559 students) and Charlotte Technical College (250+ students and faculty) Surrounded by Community Hubs: This property is less than two miles from Port Charlotte Town Center, the largest mall in the area with over 100 stores and 1,000,000 SF of retail space including major anchor tenants Regal, JCPenney, Bealls, and Dillard’s Strong Demographics: Surrounded by dense residential neighborhoods and just 10 minutes from the new West Port master planned community with approximately 2,000 single family homes and multi family buildings

FOR SALE DETAILS

PRICE

$3,043,000 USD

PRICE/SF

$982 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlister's Deli

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,524 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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