KFC - Tampa, FL - NNN Sale
1733 N. 50th Street, Tampa, Florida 33619
Sold: $1,650,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
2,767 sqft
Land Size
0.6 acres
Zoning
IG
Year Built
1999
Roof
Flat
Construction
Block
Property Description
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.
