710 S State Road 19 - Fast Food FOR SALE
Palatka, FL 32177 |
$2,719,380 USD
262-309-4900
710 S State Road 19
Palatka, FL 32177
HIGHLIGHTS
- Popeyes in Palatka, FL With 19.5+ Years Remaining on Current Term
- 20-Year Absolute NNN Lease With Zero Landlord Responsibilities
- 10% Rental Increases Every 5 Years Throughout Current Term and Options
- Healthy 5-Mile Demographics With 22,700+ Residents
- Close Proximity to Walmart, Winn-Dixie, Walgreens, St John's River State College and Saint Leo University
- Subject Property Near High Trafficked Intersection With Combined VPD of 37,000+
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes in Palatka, FL. The subject property has 19.5+ years remaining on current term and is guaranteed by Sailormen Inc., operator of approximately 150+ units headquartered in Miami.
In cooperation with Brian Brockman at Bang Realty-Naples Inc | FL #BK3327646 | bor@bangrealty.com | (513) 898-1551
FOR SALE DETAILS
PRICE
$2,719,380 USD
PRICE/SF
$1,196 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Popeyes
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
2.07 AC
LAND SF
90,169 SF
ZONING
-
APN/PARCEL ID
11-10-26-0000-0510-0011
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262-309-4900
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262-309-4900
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