Riverview, FL - McDonald's
$3,117,000
SEC Balm Rd & US Hwy 301, Riverview, FL 33569
3.85
Cap Rate
120,000
NOI
Details:
Description:
• Brand new 20-year lease with 6 (5-year) options to extend
• 5% rental increases in years 11 and 16 of the initial term, and at beginning of each option period to extend the lease term
• 2026 construction with drive-thru features high quality materials, distinct design elements, and high-level finishes
• Off signalized, hard corner intersection of 301 and Paseo Al Mar Blvd averaging a combined 30,800 VPD
• Just East of I-75 (154,000 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade areas
• St. Joseph’s Hopsital South Completes Three Year $120M Expansion
• Near shopping center anchored by Walmart Neighborhood Market & Sam’s Club that features other retailers such as Firestone, Chase Bank, Burger King, Walgreens, and more
• Sam’s Club ranks in the 73rd percentile (148 out of 563) of all nationwide locations via Placer.ai
• Walmart ranks in the 75th percentile (165 out of 677) of all nationwide locations via Placer.ai
• Across Publix that ranks in the 79th percentile (276 out of 1,369) of all nationwide locations via Placer.ai
• Ace Golf Riverview re-development into mixed-use project
• Construction has begun on a 211-unit apartment complex just West of the subject site right off I-75 and will feature three four-story buildings with one-, two- and three-bedroom units averaging 989 square feet
Location
Gallery