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701 & 719 Magnolia Ave 2 Retail Properties Offered at $2,020,000 in Auburndale, FL
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire to Two, New Construction QSR’s
- Both Tenants have Drive Thru Locations
- Over 44,000 Vehicles Pass the Site Daily on Magnolia Avenue
- No Landlord Responsibilities as Both Tenants have Separate Ground Leases
- Strategically Positioned in Dense Industrial and Retail Hub Dramatically Increasing Daytime Population and Demand for Coffee and Restaurants
- Local Job Market and Employment Fueled by 2.9 Million Square Feet of Industrial & Warehouse Product in the Immediate 1 Mile Radius
EXECUTIVE SUMMARY
NOI reflects both Scooters & Checkers Current Ground Rent
Both Properties Must Be Sold Together
Both Properties Must Be Sold Together
PROPERTY FACTS
| Price | $2,020,000 | Number of Properties | 2 |
| Price / SF | $85.05 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 23,752 SF |
| Sale Type | Investment NNN | Total Land Area | 0.62 AC |
| Status | Active |
| Price | $2,020,000 |
| Price / SF | $85.05 / SF |
| Cap Rate | 6% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 23,752 SF |
| Total Land Area | 0.62 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Checkers
719 Magnolia Ave, Auburndale, FL 33823 |
Retail | 23,086 SF | 2023 | - |
|
Scooter's
701 Magnolia Ave, Auburndale, FL 33823 |
Retail | 666 SF | 2024 | - |
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701 & 719 Magnolia Ave
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