Ponce Income Producing Burger King Facilities

Property Description

The property is a triple-net, income-producing fast-food restaurant currently operating as a Burger King, located at a prime corner location on Hostos Avenue and Las Américas Avenue in the Ponce Municipality of Puerto Rico. It has approximately 2,500 SF of construction lying on a 1,294.80 square meter lot. This property offers a unique opportunity for investors looking for a high-traffic, well-established business and its location enjoys excellent commercial exposure, making it an ideal spot for attracting both local customers and passersby.

The property features convenient parking facilities and a drive-thru service, ensuring ease of access and convenience for customers. Also, its corner location enhances visibility and accessibility, further increasing the potential for success. The immediate area has a steady flow of foot traffic and vehicles, making this property strategically positioned to take advantage of the vibrant commercial activity in the area.

This well-maintained, operational fast-food restaurant is an excellent income-generating opportunity in a thriving community. Whether you're an investor seeking to expand your portfolio or someone looking to own a profitable restaurant business, this property is a perfect fit.

Location Description

The property is located within the Canas Urbano Ward which is a vibrant residential area located within the municipality of Ponce, Puerto Rico situated in close proximity to major landmarks such as the Pontifical Catholic University of Puerto Rico. This ward benefits from its strategic location located nearby the Plaza del Caribe Mall, Centro del Sur Mall, and Ponce Towne Center providing a variety of shopping, dining, and entertainment options for both residents and visitors.

The Ponce Art Museum, one of Puerto Rico's most renowned cultural institutions, is also within reach, offering residents easy access to art exhibitions and educational programs. This area is well-connected to other parts of the municipality and beyond due to its proximity to key highways including State Road PR-2, State Road PR-163, State Road PR-123, State Road PR-12, and State Road PR-52 serving as main arteries that facilitate smooth travel, whether heading toward the bustling city center or exploring the southern region of the island.

With its mix of urban amenities, cultural landmarks, and transportation access, the property's location offers a convenient and dynamic environment for those living in the Ponce Municipality. The combination of these features makes it an attractive area for both residents and visitors seeking to enjoy the diverse offerings of this historic city.

Highlights

• NNN Lease
• Cap Rate: 7.1%
• NOI + Overage: $125,000
• Property Tax Numbers: 389-082-841-04-998
• Coordinates: 18.00386907, -66.61344903
• Land Area: 1,294.80 Square Meters
• Frontage: Las Américas Avenue to its south & Hostos Avenue to its east
• Zoning: EV.1 (Vertical Edification 1) Fast Food Restaurant Permit
• Number of Stories: One (1)
• Parking: 21 Spaces
• Drive Thru Service