Huddle House | Triple Net Lease Investment

321 South US -41, Inverness, FL

   SOLD!   

$746,667

Price

6.75%

Cap Rate

$50,400

NOI

Gallery
Street
Map
Overview
Cap Rate
6.75%
NOI
$50,400
Building Size
1,792 sqft
Lot Area
1.15 acres
Lease Type
Triple Net
Year Built
1998
Price Per Sqft
$416.67
Year Last Renovated
2020
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,792 SF Huddle House! Located at 321 South US-41 in Inverness, Florida. This Deal Includes Over 19 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.




In Cooperation With SIG RE Services, LLC
Lic. # CQ1055229

Highlights
  • Over 19 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 2% Annual Rent Increases With Five (5) x Five (5) Year Options to Renew
  • Tenant is a Strong Operator With Years of Experience in the Quick Service Restaurant Business
  • $250,000 Recently Invested in Upgrades, Facelifts and a Total Rebrand With a New Interior and Exterior Remodel
  • Phenomenal Location on the Main Retail Corridor Near a Major Highway Intersection
  • Strategically Located Along U.S. Highway 41 That Sees Traffic Counts Over 40,677 VPD
  • Just 5 Minutes to Citrus Memorial Hospital- Second Largest Employer in Citrus County With 204 Beds and it ’s Part of HCA Healthcare; HCA Healthcare Has Been Continually Named a “World's Most Ethical Company” By Ethisphere Since 2010
  • Densely Populated Area Surrounded By Schools, Retail and Residential Neighborhoods
  • Excellent Demographics With a Population of 66,963 Residents Making an Average Household Income of $54,293 Within a 10-Mile Radius
  • Nearby Tenants Include: Winn-Dixie, Big Lots, Burger King, McDonald's, Ace Hardware, Family Dollar, Metro By T-Mobile, Dollar General, Publix, CVS Pharmacy, Taco Bell, Wendy's, Beal ls Out let , AutoZone, Planet Fitness and More
Documents
Location
Gallery