ARBYS FAST FOOD NNN Winter Haven, FL
Offering Memorandum
Tax Free State!!
Low Rent to Sales
ARBYS FAST FOOD NNN Winter Haven, FL
$795,000 6.5% Cap Rate!! Arbys Fast Food 1625 3rd St. SW Winter Haven, FL 33880
OFFERING :
ARBYS FAST FOOD NNN
PRICE:
$795,000
CAP RATE:
6.5%
ANNUAL RENT:
$51,947 ($42,000 base rent plus $9,947.68 of percentage rent 2014. Rent is 7% of sales with $42,000 base rent minimum $600,000 break.
LEASE SUMMARY: Tenant:
Arbys Restaurant Group Corp
Lease Type:
NNN
Lease Term:
20 years exp option exercised 4.5yrs remain
Start/Expiration:
Term exp 10/31/2014, option exercised to 10/2019
Escalations:
Base rent plus 7% of sales over $600,000
First Right Offer:
Yes
Options:
Two 5-year options
SITE SUMMARY: ADDRESS:
1425 3rd St., SW Winter Haven, FL 33880
LAND:
.58 acre
BUILDING:
2,700 sf
AGE:
1985
USE:
Fast food drive thru
AERIAL ARBYS 1425 3rd St. SW, Winter Haven, FL 33880
AREA INFORMATION
Welcome to Winter Haven! Advancing Commerce and Community. Winter Haven has many meanings to many people. For some it's as literal as it sounds . . . we're the perfect haven from the harsh Winter months up North. To others, Winter Haven means living the lakeside lifestyle, with over 55 lakes to ski, wakeboard, paddleboard, kayak, or simply watch the vibrant orange and pink sunsets from the dock. To children, or even just the child within, Winter Haven is home to the most beautiful, entertaining and interactive theme park in the work, LEGOLAND Florida Resort. And yet to others, Winter Haven is the future of economic development in Central Florida with the recent additions of the CSX Intermodal Logistics Center, the high speed internet network Florida Lamda Rail, the Advanced Technology Center at Polk State College and the state's newest STEMfocused public university, Florida Polytechnic University. Winter Haven can truly become the "something-for-everyone" destination to visit, work, play and stay! The 2010 census report showed 33,874 population. Winter Haven is located in Polk County. It is located in between Orlando and Tampa off Interstate 4. Winter Haven has experienced tremendous residential and commercial growth over the years. Tourism has always been a major part of the economy because of the pristine lakes and Cypress Gardens Theme Park. Legoland was built on the former site but preserved the botanical gardens and water park.
PROPERTY PHOTGRAPHS
AREA MAPS – WINTER HAVEN, FL
Traffic Counts: 3rd Ave (Hwy 17) 30,000 Cars per day DEMOS: 1- Miles Population 2010 5,639 HH Avg Income $44,883 3yr POP Growth
3- Miles 43,164 $54,314 3.86%
For more information regarding this opportunity, please contact:
SAM NASRALLAH Charles Wayne Properties, Inc. 200 Ocean Ave., Ste 202 Melbourne Beach, FL 32951
PH.321-427-5437 ; Fax 321-821-0221 [email protected]
This sales brochure is subject to errors, omissions, prior sales or withdrawal without notice. The information contained in this investment Prospectus has been obtained from sources we believe to be reliable; however neither CWP, Inc. nor the Seller have verified, and will not verify, any of the information contained herein, nor has CWP, Inc. and the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Disclaimer
Tax Free State!!
Low Rent to Sales
ARBYS FAST FOOD NNN Winter Haven, FL
$795,000 6.5% Cap Rate!! Arbys Fast Food 1625 3rd St. SW Winter Haven, FL 33880
OFFERING :
ARBYS FAST FOOD NNN
PRICE:
$795,000
CAP RATE:
6.5%
ANNUAL RENT:
$51,947 ($42,000 base rent plus $9,947.68 of percentage rent 2014. Rent is 7% of sales with $42,000 base rent minimum $600,000 break.
LEASE SUMMARY: Tenant:
Arbys Restaurant Group Corp
Lease Type:
NNN
Lease Term:
20 years exp option exercised 4.5yrs remain
Start/Expiration:
Term exp 10/31/2014, option exercised to 10/2019
Escalations:
Base rent plus 7% of sales over $600,000
First Right Offer:
Yes
Options:
Two 5-year options
SITE SUMMARY: ADDRESS:
1425 3rd St., SW Winter Haven, FL 33880
LAND:
.58 acre
BUILDING:
2,700 sf
AGE:
1985
USE:
Fast food drive thru
AERIAL ARBYS 1425 3rd St. SW, Winter Haven, FL 33880
AREA INFORMATION
Welcome to Winter Haven! Advancing Commerce and Community. Winter Haven has many meanings to many people. For some it's as literal as it sounds . . . we're the perfect haven from the harsh Winter months up North. To others, Winter Haven means living the lakeside lifestyle, with over 55 lakes to ski, wakeboard, paddleboard, kayak, or simply watch the vibrant orange and pink sunsets from the dock. To children, or even just the child within, Winter Haven is home to the most beautiful, entertaining and interactive theme park in the work, LEGOLAND Florida Resort. And yet to others, Winter Haven is the future of economic development in Central Florida with the recent additions of the CSX Intermodal Logistics Center, the high speed internet network Florida Lamda Rail, the Advanced Technology Center at Polk State College and the state's newest STEMfocused public university, Florida Polytechnic University. Winter Haven can truly become the "something-for-everyone" destination to visit, work, play and stay! The 2010 census report showed 33,874 population. Winter Haven is located in Polk County. It is located in between Orlando and Tampa off Interstate 4. Winter Haven has experienced tremendous residential and commercial growth over the years. Tourism has always been a major part of the economy because of the pristine lakes and Cypress Gardens Theme Park. Legoland was built on the former site but preserved the botanical gardens and water park.
PROPERTY PHOTGRAPHS
AREA MAPS – WINTER HAVEN, FL
Traffic Counts: 3rd Ave (Hwy 17) 30,000 Cars per day DEMOS: 1- Miles Population 2010 5,639 HH Avg Income $44,883 3yr POP Growth
3- Miles 43,164 $54,314 3.86%
For more information regarding this opportunity, please contact:
SAM NASRALLAH Charles Wayne Properties, Inc. 200 Ocean Ave., Ste 202 Melbourne Beach, FL 32951
PH.321-427-5437 ; Fax 321-821-0221 [email protected]
This sales brochure is subject to errors, omissions, prior sales or withdrawal without notice. The information contained in this investment Prospectus has been obtained from sources we believe to be reliable; however neither CWP, Inc. nor the Seller have verified, and will not verify, any of the information contained herein, nor has CWP, Inc. and the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Disclaimer
