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Description
This is a NNN Sale producing 6.00% return on investment, within 28 months before the new bump of 10% bringing the income to $349,418 to and a 6.6% return with bumps of 10% every 5 years. There is 12 years remaining on the lease by award winning franchisee with 32 locations throughout Florida and Georgia, with 3 Five Year option for this high performing store.
Property Highlights
Property Type: Commercial -
Cooling: Central Air
Heating: Central
Lot Size: 2.54 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $39,507
Year Built: 1996
General Information
County: Marion
Subdivision: SUNSET
Listed By:
Edward Johnston
COLDWELL BANKER RESIDENTIAL RE
407-647-1211
MLS ID: O6279940
Property Features
Accessibility Features: Accessible Approach with Ramp, Accessible Entrance, Accessible Full Bath
Days on Site: 460
Directions: I-75 to East on Southwest College to address located on the right
Exterior: Brick
Flood Zone Code: x
Flooring: Carpet, Ceramic Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Central Business District, Curb and Gutters, City Limits, Landscaped, Near Public Transit, Oversized Lot, Retention Pond, Paved
Lot Dimensions: 2.54
Other Equipment: Grease Trap
Ownership: Other
Parking: Ground Level, Lighted, Over 30 Spaces
Parking Notes: Ground Level, Lighted, Over 30 Spaces
Property Attached Y/N: No
Property Sub-Type: Restaurant
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
Water: Public
Water Access Y/N: No
Windows: Aluminum Frames
Zoning: B2
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2111 SW College Road, Ocala, FL 34471.