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Huddle House | Triple Net Lease Investment

$746,667

321 South US -41, Inverness, FL 34450

Pending
Last Updated: 07/30/2021

6.75

Cap Rate

50,400

NOI

Details:
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
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
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

Map:
Documents:
Title
Offering Memorandum
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