Popeye's - Ellenton, FL 3707 US Highway 301 N 2,265 SF Retail Building Ellenton, FL 34222 $2,898,180 ($1,279.55/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- One of the Largest and Most Experienced Popeye's Operators in the County, With Over 150 Stores in Florida and Georgia
- Located in a Tax Free Florida, the Property is Situated Less Than 5 Minutes From I-75 in Ellenton, Which is on the South Side of Tampa Bay
- Absolute Net Lease With No Landlord Responsibilities Making it an Ideal Management Free, Passive Investment
- Located on the Heavily Traveled US-301, on Average, Over 36,000 Vehicles Pass By the Site Each Day
- Well-Established Location That Was Built to the Tenant's Specifications in 2019
- 9+ Years of Term Remaining With 10% Rent Bumps Every 5 Years, Which Offers a Strong Hedge Against Inflation
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale This Single Tenant, Absolute Net Leased Popeyes Located at 3707 U.S. Highway 301 N. in Ellenton, Florida. The 2,265 SF Property is Leased By Sailormen, Inc., One of the Largest and Most Experienced Popeye’s Operators in the Country, With Over 150 Units in Florida and Georgia. The Property’s In-Fill Location on the Heavily Traveled US 301 is Ideal For a Quick-Serve Restaurant - Extremely High Traffic Counts, a Growing Population and the Areas Many Draws Should Ensure the Operator is Successful For Years to Come.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman Lic. FL #BK3369953
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,265 SF
Year Built
2019
Price
$2,898,180
Price Per SF
$1,279.55
Cap Rate
5.50%
NOI
$159,399
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.96 AC
Zoning
GC - General Comercial
Parking
25 Spaces (12.8 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sailormen Inc.
- Accommodation and Food Services
- 2,265 SF
- $70.38
- Triple Net
- Jul 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sailormen Inc. | Accommodation and Food Services | 2,265 SF | $70.38 | Triple Net | Jul 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9586-1060-9 | Improvements Assessment | $454,980 |
| Land Assessment | $406,231 | Total Assessment | $861,211 |
