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- LoopNet Team
10293 Big Bend Rd
Riverview, FL 33578
Village Inn · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Triple Net Lease (NNN) | Zero Landlord Responsibilities
- Landlord Collects 7% of Sales in Excess of 2 Million | Most Recent Full Lease Year Landlord Collected More Than $20,000
- Ideally Located on Big Bend Rd | More Than 33,000 Vehicles Per Day (VPD)
- Strong Performing Location | Consistently Achieving Percentage Rent Breakpoint
- Strong Local Demographics | Average Household Income Greater Than $91,000 Within a 3 Mile Radius
- Strong Growth Market| Resident Population Increased 44% Within a 5 Mile Radius Since 2010
PROPERTY FACTS
AMENITIES
- Pylon Sign
ABOUT 10293 BIG BEND RD , RIVERVIEW, FL 33578
SAB Capital is pleased to present this Village Inn in Riverview, Florida; A suburb of Tampa. There are more than 11 years remaining on Village Inn’s absolute net lease, where the tenant is responsible for all expenses associated with the asset. The lease features 6.5% rent bumps every 5 years, including both five-year renewal options. This provides a hedge against inflation. There is also percentage rent included in the lease. The landlord collects 7% of sales in excess of 2 million dollars which was surpassed in the most recent lease year, resulting in more than $20,000 in additional income in 2019. The lease is corporately guaranteed by American Blue Ribbon Holdings LLC, which operates more than 690 casual dining restaurants. The subject property is highly visible along Big Bend Rd, which features more than 33,000 vehicles per day. There is significant development nearby the subject on Big Bend Rd, including a brand new ALDI directly across the street and a 264 unit multi-family apartment complex less than half a mile away.
PROPERTY TAXES
| Parcel Number | U-18-31-20-93O-000000-00004.0 | Improvements Assessment | $805,866 |
| Land Assessment | $1,093,003 | Total Assessment | $1,898,869 |
PROPERTY TAXES
