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Taco Bell: Clermont, FL 1810 E Highway 50 2,808 SF Retail Building Clermont, FL 34711 $2,331,186 CAD ($830.19 CAD/SF) 4.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease with Renewal Options
- Future Upside Potential
- Excellent Access & Visibility | Frontage Along East Highway 50
- Long-Term Operating History | Recent Renovations
- Top Visited Location
- Orlando-Kissimmee-Sanford, FL MSA Advantage (MSA Population: 2.83M+)
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 2,808-square-foot Taco Bell positioned on 1.08 acres in Clermont, Florida -- part of the Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 2.83M+). Originally set to expire in 2018, Taco Bell exercised two of four 5-year renewal options. The absolute NNN ground lease now has ±3.3 years of term remaining with 10% rent increases in the two remaining renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,808 SF
Building Class
B
Year Built/Renovated
2003/2004
Price
$2,331,186 CAD
Price Per SF
$830.19 CAD
Cap Rate
4.66%
NOI
$108,530 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.08 AC
Zoning
C-2
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
91’ on Sr-50 Hwy
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACTS
-
Brian Pfohl -
Christopher Bosworth -
Thomas Carr -
Casey Rosen -
Michael Etemad -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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Taco Bell: Clermont, FL | 1810 E Highway 50
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