Type: Free Standing
Occupancy: 100%
CAP Rate: 5.50%
Rentable Square Feet: 816SF = 76m2
Lot Sizes: 0.28AC = 1.133m2
NOI: $84,600 / year
Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including property taxes and insurance
Lease Term: BRAND NEW 20 years contract (starting 08/30/2016).
Rent Increase: 10% every 5 years.
Extension: 1 - 10 Year Options.
Guarantor: Personal Guaranteed – (JAF Restaurant Group, LLC. – 12 Unit Operator. Checker’s Franchisee of
The year award).
Extra: 2 Drive through lanes, 6 parking spaces
Location: Great Location, hard corner signalized intersection in North Miami Beach, Florida