9925 US-441 - Fast Food FOR SALE


Leesburg, FL 34788
$3,815,000 USD
480-221-4221
9925 US-441, Leesburg, FL for Sale
$3,815,000 USD
Fast Food - FOR SALE
1/7
null | 4.15% Cap Rate

9925 US-441
Leesburg, FL 34788


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | April 2024 Opening | Established Tenant | New Construction
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Lake Square Mall (728,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Near Signalized, Hard Corner Intersection | Drive-Thru Equipped Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding, drive-thru equipped, Chick-fil-A investment property located in Leesburg, Florida. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The asset is scheduled to open in April of 2024. In addition, the site will feature a newly constructed, drive-thru equipped building with modern amenities and design. Chick-fil-A serves freshly prepared food in more than 2,774 restaurants in 50 states, Washington, D.C., and Canada.

FOR SALE DETAILS

PRICE

$3,815,000 USD

PRICE/SF

$668 USD /SF

CAP RATE

4.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-Fil-A | New 15yr Corp Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

Highway Commercial

APN/PARCEL ID

01-19-25-0500-047-00800

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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