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Whataburger 1778 Blanding Blvd 3,061 SF Retail Building Middleburg, FL 32068 $2,778,947 ($907.86/SF) 4.75% Cap Rate


INVESTMENT HIGHLIGHTS
- Newer Construction, High-Image QSR
- Full Corporate Guaranty
- Long Term, Passive Lease Structure
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Whataburger located at 1778 Blanding Blvd, Middleburg, FL 32068. The site consists of roughly 3,061 rentable square feet of building space on an estimated 1.12-acre parcel of land. This Whataburger is subject to a 15 Years-year Triple Net (NNN) lease, which commenced 2/11/2021. The current annual rent is $132,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,061 SF
Building Class
B
Year Built
2021
Price
$2,778,947
Price Per SF
$907.86
Cap Rate
4.75%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.12 AC
Frontage
221’ on Blanding Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-04-25-008102-001-04 | Improvements Assessment | $614,124 |
| Land Assessment | $735,555 | Total Assessment | $1,349,679 |
PROPERTY TAXES
Parcel Number
32-04-25-008102-001-04
Land Assessment
$735,555
Improvements Assessment
$614,124
Total Assessment
$1,349,679
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Whataburger | 1778 Blanding Blvd
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