1733 N 50TH Street

    Tampa, FL 33619
    • $1,650,000
    • STATUS: Closed
    • ON SITE: 416 days
    • MLS #: U7816188
    Sold - 03/27/2018
    $1,650,000
    SOLD - 03/27/2018
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,767
      SQFT
    • $596
      $/SQFT
    Type:
    Commercial-Lease
    Built:
    1999
    County:

    School Ratings & Info

    Listing information courtesy of Ross Marketing Group Llc.

    Description

    Net Lease Investment Opportunity * Absolute NNN Ground Lease with ZERO Landlord responsibilities * 15+ years remaining on base lease term with four (4) five (5) year options * Percentage rent overages in addition to NOI; KFC has paid percentage rent every year since lease commencement * Structured increases with 10% annual increases every 5 years * Building completely upgraded and remodeled in 2013 by tenant and signed a new 20 year lease. Tenant is one of the nation's largest KFC franchises with 300+ locations. * CAP Rate: 5.3%

    Monthly Payment Calculator



    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-17T18:40:16.523.
    www.beachislandgroup.com/homes/72009055

    1733 N 50TH Street Tampa, FL 33619

    • Price: $1,675,000
    • Status: Closed
    • Updated: 74 min ago
    • MLS #: U7816188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    2,767
    SQFT
    $596
    $/SQFT
    1999
    Built
    Neighborhood:
    Tampa / Palm River / Progress Village
    County:
    Hillsborough
    Area:
    Tampa / Palm River / Progress Village
    Property Description
    Net Lease Investment Opportunity * Absolute NNN Ground Lease with ZERO Landlord responsibilities * 15+ years remaining on base lease term with four (4) five (5) year options * Percentage rent overages in addition to NOI; KFC has paid percentage rent every year since lease commencement * Structured increases with 10% annual increases every 5 years * Building completely upgraded and remodeled in 2013 by tenant and signed a new 20 year lease. Tenant is one of the nation's largest KFC franchises with 300+ locations. * CAP Rate: 5.3%
    Exterior Features

    Construction Materials Block Lot Features In City Limits Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Ceiling Type Acoustical Cooling Central Air Flooring Tile Heating Central Office Retail Space Sq Ft 2676

    Property Features

    Additional Parcels Yn No Annual Expenses 0 Business Type RestaurantRetail Condo Environment Yn No Flood Zone Code X Lease Term 6 + Years Listing Agreement Exclusive Right To Sell Net Operating Income 84700 New Construction Yn No Pets Allowed No Property Condition Completed Property Sub Type Retail Realtor Info Agent/OwnerBrochure AvailableConfidentiality Letter Required Tax Annual Amount 12027 Tax Year 2017 Total Num Buildings 1 Utilities Electricity ConnectedPhone Available Zoning Ig

    Listing information courtesy of Ross Marketing Group Llc.
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-17T18:40:16.523.
     
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    Listing information courtesy of Ross Marketing Group Llc.