Fast food restaurant, Florida, USA

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Fast food restaurant, Florida, USA

$4,232,000
$6,106 /m²
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  • Total area
    693 m²
  • Yield
    7.0%
  • Built in 
    1996
Details
Property parameters
  • Land area: 7,810 m²
Financial performance
  • Annual income: $251,255

A building with commercial premises.

Description

Total area of the property is 693 m².

The plot size is 7,810 m².

The property was built in 1996.

Building Class B.

Financial performance

The cost of the property is 4,232,400 $.

Absolute annual income is 296,268 $.

The current yield of 7.00%.

Tenants

The tenant is a network fast food restaurant. The company has been successfully operating at this location for more than 21 years.

The lease agreement is signed for 10 years, with options 2x10 and 1.25% annual increases built-in to the lease.

Location and nearby infrastructure

The property is located on the main thoroughfare, running North to South, Tamiami Trail.

Surrounding retailers include Applebee’s, Longhorn Steakhouse, Chick-Fil-A, Bahama Breeze, Perkin’s.

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