2457 S Highway 27 - Restaurant FOR SALE
Clermont, FL 34711 |
2457 S Highway 27
Clermont, FL 34711
HIGHLIGHTS
- The offering is a Texas Roadhouse corporate ground lease, located in Clermont and less than 25 miles from downtown Orlando
- Absolute NNN lease structure with scheduled rent growth during the primary term and option periods
- Texas Roadhouse recently signed a 15-year lease extension through March 2040, which includes two 5-year options, and 10% rental increases every 5 year
- The subject property is located on S Highway 27, which is a well-trafficked north south arterial that converges with E Highway 50
- Texas Roadhouse is an outparcel to a premier shopping center that serves the residents of Clermont, a growing suburb just west of Orlando
- Clermont Landing features national retailers such as TJ Maxx, Ross, Michaels, JC Penney, and Epic Theaters
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Texas Roadhouse
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
7925
STORIES
1
YEAR BUILT
2014
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
29-22-26-1000-000-00200
