Chick-Fil-A - Lake Nona FL 12801 Narcoossee Rd 7,165 SF Retail Building Orlando, FL 32832 $3,960,000 ($552.69/SF) 3.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 Years Remaining | Options To Extend | Scheduled Rent Increases | Best in Class QSR Operator
- Signalized, Hard Corner Intersection | Lake Nona High School |Part of Larger Center
- Abs. NNN Ground Lease | Land Ownership | No State Income Tax | Zero Landlord Responsibilities
EXECUTIVE SUMMARY
• Chick-fil-A has 10 years remaining on their lease with 8 (5-year) options to extend
• The lease features 10% rent increases every 5 years including options
• Chick-fil-A, Inc. is the third largest quick-service restaurant in the United States with more than 200,000 Team Members are employed by local Owner-Operators in more than 3,000 restaurants across the United States, Canada, and Puerto Rico
• The lease features 10% rent increases every 5 years including options
• Chick-fil-A, Inc. is the third largest quick-service restaurant in the United States with more than 200,000 Team Members are employed by local Owner-Operators in more than 3,000 restaurants across the United States, Canada, and Puerto Rico
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,165 SF
Building Class
C
Year Built
2020
Price
$3,960,000
Price Per SF
$552.69
Cap Rate
3.75%
NOI
$148,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.51 AC
Zoning
PD - Planned Development District
Parking
30 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
271’ on Clear Vista Street
AMENITIES
- Security System
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-2431-9024-01-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,794,991 |
