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505 US Highway 17-92
Haines City, FL 33844
Burger King Corporate Ground Lease · Retail Property For Sale

Investment Highlights

  • 12.5% rent escalations every 5 years in base term and options
  • Low Ground Lease Rent of $94,922
  • Building is only 10 years old and has an updated architectural style.
  • Corporate Lease
  • 10 years of base term remaining
  • Pad Site to Publix and Publix HQ is in the same county

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,848 SF
Building Class
B
Year Built/Renovated
2009/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Zoning
PUD - 2250 - National/Chain Fast
Frontage
208’ on US Highway 12-92

Amenities

  • Drive Thru
  • Air Conditioning

About 505 US HIGHWAY 17-92 , HAINES CITY, FL 33844

HMX Realty Advisors exclusively presents for sale a corporate Burger King Ground Lease (fee). This Burger King building was constructed in 2009 and is located off the intersection of US 17 (25,000 vpd) & Hwy 27 (42,000). It is a pad site to a Publix and Bealls anchored shopping center. Other tenants in this center include Dollar General, Enterprise Rent-a-Car, Advance America, and Anytime Fitness. Burger King has just over 10 years remaining on the base lease term. Location OverviewHaines City is located between Lakeland and Kissimmee in Florida, an income tax free state. It is in Polk County with a population of over 600,000. Haines City is part of the Lakeland–Winter Haven Metropolitan Statistical Area. The principal city in the MSA is Lakeland. According to a July 1, 2009 United States Census Bureau estimate, the MSA had a population of 583,403. Growth in Polk County is driven by nearness to both the Tampa and Orlando metropolitan areas along the Interstate 4 corridor. Recent growth has been heaviest in Lakeland (closest to Tampa) and the Northeast areas near Haines City (nearest to Orlando). In addition to developing cottage communities for commuters, there is evidence in Haines City of suburban sprawl into unincorporated areas. Polk County is the headquarters of Publix Supermarkets, a regional grocery chain and Polk's top private employer, as well as W. S. Badcock Corporation, Watkins Motor Lines, Saddle Creek Corporation, and IMC Agrico. Polk's location along the I-4 corridor is attracting warehouse and fulfillment center development in the north part of the county.

Property Taxes

Property Taxes

Parcel Number
27-27-29-777000-006010
Land Assessment
$297,165
Improvements Assessment
$530,689
Total Assessment
$827,854
  • Listing ID: 17761284

  • Date on Market: 11/19/2019

  • Last Updated:

  • Address: 505 US Highway 17-92, Haines City, FL 33844

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