7620 Palm River Rd - Fast Food FOR SALE


Tampa, FL 33619
$1,630,000 USD
786-402-6654
7620 Palm River Rd, Tampa, FL for Sale
$1,630,000 USD
Fast Food - FOR SALE
1/4
null | 5.18% Cap Rate

7620 Palm River Rd
Tampa, FL 33619


HIGHLIGHTS

  • NNN Zero landlord responsibility, 7 years remain of base contract.
  • East Tampa location with a 5 mile population of 185,929 Located near schools and complementary retailers Such Family Dollar, MC Donald, Walgreen etc.
  • Out pad to "save a lot" Discount Grocery store Anchored shopping center.

OVERVIEW

Property Details / Detalles de la Propiedad Price / Precio: US $1,630,000 CAP / Retorno: 5.17% Building Area / Área de Construcción: Approx. 1,500 Sq. ft = 140 m² Lot / Terreno: 20,138 Sq. ft = 1,870 m² NOI / Ingreso Neto: US $84,360 Year Built / Fecha de construcción: 2017 Expenses / Gastos Annual Expenses / Gastos Anuales: NNN – Tenant is responsible for all expenses, including property tax, insurance, and maintenance. El inquilino es responsable por todos los gastos, incluyendo impuesto predial, seguro, y mantenimiento. Lease Terms / Términos del Contrato de Renta Contract Duration / Duración del Contrato: 7 years remaining until 8/31/2031 7 años de contrato restante hasta 8/31/2031. Rental Increases / Incrementos de Renta: 2% yearly starting 9/1/2028, including options. 2% de incremento anual empezando el 9/1/2028, incluyendo opciones. Extensions / Extensiones: Four (4), Five (5)-year options. Cuatro (4) opciones de cinco (5) años. Tenant / Inquilino Guarantor / Garantizado por: Sizzling Caesars, LLC Largest Little Caesars Franchisee with 300+ stores. 57 years of experience managing 5 brands in 15 states and 5 countries. Mayor franquiciado de Little Caesars con más de 300 tiendas. 57 años de experiencia manejando 5 marcas en 15 estados y 5 países.

FOR SALE DETAILS

PRICE

$1,630,000 USD

PRICE/SF

$1,087 USD /SF

CAP RATE

5.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,138 SF

ZONING

CG

APN/PARCEL ID

U-23-29-19-ZZZ-000001-50471.5

ASK ABOUT THIS PROPERTY

Isabel SalcedoElite International RealtyMore Info
786-402-6654

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Isabel SalcedoElite International RealtyMore Info
786-402-6654

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