Florida Avenue South

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Florida Avenue South

Lakeland, FL 33803
Asking Price
$3.30M
Cap Rate
6.97%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Absolute NNN Beef A Roo | Tampa Florida | 20 Year ABS | Traffic Counts Exceed 40,000 VPD <p><strong><u>PROPERTY HIGHLIGHTS</u></strong></p><p>• 20 Year Absolute Net Lease</p><p>• Forward Sale / Under Construction Opportunity</p><p>• Zero Landlord Responsibilities</p><p>• Freestanding Retail Asset with Drive-Thru</p><p>• Tenant Prepaid One Year of Rent at Closing, Enhancing Investment Security</p><p>• 2% Annual Rent Increases</p><p>• Business Friendly Environment with Continued Investment in Infrastructure, Retail, and Service-Oriented Development</p><p>• Positioned On Lakeland’s Eas

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NOI
$80,000
Cap Rate
2.42%
DSCR
0.41
Underwater
Cash-on-Cash
-11.71%
Monthly Payment
$16,326.599
Annual Cash Flow
$-115,919.193

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