It is a single-storey freestanding restaurant investments in one of the towns in Nortnern Florida.
The total floor area of 353 m².
The plot of 5,950 m².
The property is in excellent overall condition, repair is not needed.
Restaurant is fully leased out to a major tenant.
Absolute income is 159,936 $.
The current yield of 6%.
The anchor tenant is fast food restaurant chain, founded about 40 years ago.
The company operates more than 600 restaurants in the US.
The lease on the Triple Net Lease type concluded for 20 years in 2016, the option of extension for 2x5 years. The rent is indexed by 10% every 5 years.
NNN lease contract is signed for 20 years until 2036 with extension options for 2x5 years. Rental rate increases by 10% every 5 years.
All operating costs are borne by the tenant.
Location and nearby objects
The restaurant is located next to the university.
There are many stores and supermarkets across the street, as well as new retail development.