For Sale
$2,640,000

2123 Crawfordville HwyCrawfordville, FL 32327

High-return QSR investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,145 square foot Popeye's Chicken restaurant located at 2123 Crawfordville Hwy, Crawfordville, FL 32327. The property, built in 2020, sits on a one-acre lot with 25 parking spaces and enjoys excellent visibility due to its direct frontage on Crawfordville Highway. Currently operating under a 20-year absolute NNN lease (commencing June 1, 2020) with 16 years remaining, this single-tenant property boasts a credit-rated franchisee with a proven track record. The lease includes three five-year renewal options, ensuring long-term stability. Rent increases by 10% every five years, providing significant future income growth. The property features a Class B building, zoned for general commercial use, and generates a substantial net operating income (NOI) of $132,000 annually, resulting in a compelling 5.00% cap rate. The asking price is $2,640,000. This is a turnkey investment with minimal management requirements, offering a secure and profitable return for the discerning investor. The property is well-maintained and benefits from high occupancy (100%). Detailed financial information is available upon request.

Highlights

  • $2,640,000 asking price.
  • $132,000 annual net operating income (NOI).
  • 5% capitalization rate.
  • 10% lease escalations every five years.

Property Details for 2123 Crawfordville Hwy

Property type
Retail properties, Hospitality properties
Square Feet
2,145 SF
Class
B
Year Built
2020
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Crawfordville
County
Wakulla
State
Florida
Latitude
30.21431411511
Longitude
-84.363361624342
2123 Crawfordville Hwy, Crawfordville, Florida

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2123 Crawfordville Hwy
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