Property Type: Free Standing (1 Tenant)
Occupancy: 100% ?
CAP: 5.75% ?
Building Area: 3,510SF = 326m2 ?
Lot: 0.96AC = 3,885m2 ?
NOI: $75,000 ?
Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax ? Contract Terms: NEW 15 Years contract. ?
Extensions: 4 – 5 years options ?
Increases: 7.5% in every renew option ?
Guarantor: Franchisee – Bravotampa, LLC (Over 217 restaurants in 6 states) ?
Extra: RAND NEW Drive-thru store (Completion date 08/15/16) Highly visible location. In a center anchored by a new Walmart neighborhood market. ?
Location: Located in Tampa MSA (21,000 VPD on Spring Hill Drive and 16,000 VPD on Anderson Road). ? Access to the site on both of the streets.