Price: $1,795,000
Type: Free Standing
Occupancy: 100%
CAP Rate: 5.35%
Rentable Square Feet: 3,800SF = 353m2
Lot Sizes: 0.882AC = 3,570m2
NOI: $96,000 / year
Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including property taxes and insurance
Lease Term: NEW 15 years contract (06/01/2016 until 05/30/2031).
Rent Increase: 5% every renew option.
Extension: 5 - 5 Year Options.
Guarantor: Strong Franchisee Guarantor – (Bravotampa LLC whose parent company is Quality Dining INC
Ranked 24th of the TOP 25 Franchise Times.)
61623; Location: Situated along east Hillsborough Avenue (Hwy 92), with great site frontage visibility. 39,000 VPD.