828 PROVIDENCE RD

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828 PROVIDENCE RD

BRANDON, FL 33511
Asking Price
$2.30M
Cap Rate
5.43%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Absolute Net Lease | Tampa, MSA | High Barrier To Entry Market | Actual Property Photos Take 05/27/2 <ul><li>​Absolute NNN Lease | ZERO LL Responsibilities</li><li>​3,867/SF Drive-Through Equipped Building On 0.93 Acres</li><li>​10% Rent Increases Every Five Years</li><li>​Over 2 Years Remaining On The Original 15-Year Lease Term | Five (5) Additional Five (5) Year Renewal Options</li><li>​Excellent Visibility At The Lighted Intersection Of Town Center Blvd and Providence Rd</li><li>​Located In Hillsborough County | Infill, Supply-Constrained Market - Limited Developable Land | High Barrier To

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

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