OFFERING SPECIFICATIONS:
PRICE: $2,461,538
NET OPERATING INCOME: $160,000
CAP: 6.50%
SQUARE-FOOTAGE: 5,031
LOT SIZE: 1.42 AC
INVESTMENT HIGHLIGHTS:
ABSOLUTE NNN LEASES
100% FEE SIMPLE INTEREST
ZERO LANDLORD OBLIGATIONS
ANNUAL INCREASES IN RENT
NEARBY HOME DEPOT, WALMART, AND RETAIL STRIP CENTER
EXCELLENT VISIBILITY
The subject property is a 5,031 square foot Applebee’s restaurant located in North Port, Florida. The NNN lease has over nine years remaining on the initial term and is guaranteed by Doherty Apple Florida GE, LLC. There are scheduled 1% annual increases in rent and calls for zero landlord obligations. This asset is situated in a major retail trade area and surrounded by national retailers including Home Depot, Walmart and a retail strip center.
| Price: | $2,461,538 |
| Address: | 17500 TAMIAMI TRL |
| City: | NORTH PORT |
| State: | FL |
| Zip Code: | 34287 |
| Year Built: | 2007 |
