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Popeyes 2062 FL-19 2,146 SF Retail Building Tavares, FL 32778 $2,800,000 ($1,304.75/SF) 5.50% Cap Rate
Investment Highlights
- Long-Term NNN Lease
- National QSR Brand
- Signalized Corner Location
- Rental Growth
- Florida Growth Market
- Strong Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 2062 Florida 19, Tavares, FL 32778. The site consists of roughly 2,146 rentable square feet of building space on an estimated .78-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2021. The current annual rent is $154,000 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
2,146 SF
Building Class
B
Year Built
2021
Price
$2,800,000
Price Per SF
$1,304.75
Cap Rate
5.50%
NOI
$154,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.78 AC
Zoning
RSF-1
Frontage
356’ on Florida 19
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-20-26-0001-000-00801 | Improvements Assessment | $329,892 |
| Land Assessment | $700,287 | Total Assessment | $1,030,179 |
Property Taxes
Parcel Number
06-20-26-0001-000-00801
Land Assessment
$700,287
Improvements Assessment
$329,892
Total Assessment
$1,030,179
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