KFC - Tampa, FL - NNN Sale

  SOLD March 2018 for $1,650,000

1733 N. 50th Street, Tampa, Florida 33619


Documents
Building Size2,767 Square Feet
Land Size0.6 Acres
ZoningIG
Year Built1999
ConstructionBlock
RoofFlat

Net Lease Investment Opportunity - Absolute NNN with ZERO Landlord responsibility.

15 plus years remaining on base term with four (4) five (5) year options.

Structured increases with 10% annual increases every five years.

Net Operating Income $91,700, which includes rental increase in
December 2017 and percentage overage rent.

Location has higher than average sales with lease year sales ending 11/30/17 up 3.5% from 2016.

KFC has paid percentage overage rent in all years of current lease.

2,676 sf highly visible free-standing building built in 1999 with drive -thru on a corner pad site with .60 acres of land area. COMPLETELY REMODELED in 2013 by tenant at beginning of new 20 year lease term.

Traffic count of 36,000 per day.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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