40220 US-27 - Restaurant FOR SALE


Davenport, FL 33837
$6,363,000 USD
704-697-1900
40220 US-27, Davenport, FL for Sale
$6,363,000 USD
Restaurant - FOR SALE
1/5
null | 5.5% Cap Rate

40220 US-27
Davenport, FL 33837


HIGHLIGHTS

  • ADJACENT TO REGIONAL HOSPITAL
  • NEARBY DISNEY PARKS & HUNDREDS OF NEW APARTMENTS
  • HIGH GROWTH FLORIDA MARKET

OVERVIEW

STRONG LEASE FUNDAMENTALS - New 15 year Abs. NNN Ground Lease - 2% annual increases - Four (4) renewal options of five (5) years each - No Landlord Responsibilities NEARBY DISNEY PARKS & HUNDREDS OF NEW APARTMENTS - Over 200 apartment units have delivered in the past year with another 360 under construction - Less than 20 miles away from Disney World, which averages over 58 million annual visitors STRONG TRAFFIC AND ACCESSIBILITY - Located on the soft corner of a high trafficked intersection of US Hwy 27 (74k VPD) and Park Place Blvd and Holly Hill Fruit Rd - Multiple points of ingress and egress on US Hwy 27 and Park Place Blvd with cross-access to other retailers ADJACENT TO REGIONAL HOSPITAL - Positioned next door to AdventHealth Heart of Florida - The Heart of Florida Location has over 200 beds - Across the AdventHealth Central Florida division, over 3.4 Million patients are served annually NEW CONSTRUCTION - Newly built Miller’s Ale House, building being constructed by Tenant with newest restaurant prototype - Oversized parcel, providing downside protection if future redevelopment is ever needed HIGH GROWTH FLORIDA MARKET - Between 2018 and May 2023, Davenport, FL has experienced a 163 % growth from 5,328 to more than 14K people - This strong growth period demonstrates the move from the overpopulated neighboring cities of Orlando and Tampa

FOR SALE DETAILS

PRICE

$6,363,000 USD

PRICE/SF

$884 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miller's Ale House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,401 SF

ZONING

-

APN/PARCEL ID

27-26-31-708500-010090

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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