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Burger King Investment
Lake City, FL 32025
Burger King- Investment Sale- Lake City · Land For Sale
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1.18 AC
Investment Highlights
- 1.18 Acres (MOL) with a 3,531 SF building
- 0.08 miles from I-75 entrance and exit (47,000 AADT)
- Directly across the street from a new Love’s Travel Stop
Property Facts
Description
PURCHASE PRICE: $1,900,000 • Rent commencement: January 3, 2022 • Lease term: 15 years • Options: Five (5) x five (5) year options • Starting rent: $85,000 • Bumps: 7.5% bumps every five (5) years starting in year eleven (11) • 1.18 Acres (MOL) with a 3,531 SF building • Directly across the street from a new Love’s Travel Stop • 0.08 miles from I-75 entrance and exit (47,000 AADT) • Operator: Bravoflorida, LLC (34-unit entity), a subsidiary of Quality Dining, Inc., the 4th largest Burger King operator in the nation with over 250 units
Property Taxes
| Parcel Number | 03-6S-17-09572-000 | Improvements Assessment | $535,155 |
| Land Assessment | $158,119 | Total Assessment | $693,274 |
Property Taxes
Parcel Number
03-6S-17-09572-000
Land Assessment
$158,119
Improvements Assessment
$535,155
Total Assessment
$693,274
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