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2000 Nolte Road
St. Cloud, FL 34772
Asking Price
$4.38M
Cap Rate
4.5%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Retail | 4.50% CAP | 2,415 SqFt <ul><li>Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases</li><li>Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities | No State Income Tax</li><li>Near Signalized, Hard Corner Intersection | Part of Larger Retail Development | Surrounding Retail</li><li>Excellent Visibility | Multiple Points of Access | Drive-Thru Equipped</li><li>Demographics in 5-mile Trade Area | Annual Population Growth</li></ul>
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NOI
$80,000
Cap Rate
1.83%
DSCR
0.31
Underwater
Cash-on-Cash
-13.70%
Monthly Payment
$21,659.955
Annual Cash Flow
$-179,919.463
