For Sale
$3,043,000

19572 Cochran BlvdPort Charlotte, FL 33948

NNN Lease, Strong Tenant, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 3,100 square foot McAlister's Deli located in Port Charlotte, Florida, at 19572 Cochran Blvd, 33948. The property sits on a 1.36-acre lot and boasts a 20-year absolute NNN lease commencing September 30, 2023, and expiring October 30, 2043, with annual rent increases. The lease is backed by a corporate guarantee from Focus Brands, LLC, a significant player in the food service industry. This prime location is part of a major retail hub, situated near the intersection of Cochran Boulevard and US Route 41, experiencing high daily traffic volume. The property benefits from excellent visibility and proximity to other major national retailers, including The Home Depot, Kohl's, PetSmart, Walmart Supercenter, Target, Best Buy, and Sam's Club. Furthermore, its location near Port Charlotte High School and Charlotte Technical College ensures a reliable customer base. The property's strong demographics are further enhanced by its proximity to Port Charlotte Town Center and the new West Port master-planned community. With a current NOI of $162,800 and an asking price of $3,043,000, this offering presents a compelling 5.35% cap rate. This is an ideal investment for passive income seekers, offering minimal landlord responsibilities and a strong hedge against inflation. The property's strategic location and robust tenant guarantee make it a highly attractive investment opportunity.

Highlights

  • $3,043,000 asking price for a 3,100 SF McAlister's Deli in Port Charlotte, FL.
  • Absolute NNN lease with a corporate guarantee from Focus Brands, LLC.
  • 20-year lease term commencing September 30, 2023, with annual rent increases.
  • 5.35% cap rate and $162,800 NOI.
  • Located in a major retail hub near The Home Depot, Kohl's, and PetSmart, with high daily traffic counts.

Property Details for 19572 Cochran Blvd

Property type
Retail properties, Restaurants
Square Feet
3,100 SF
Year Built
2023
Lot Size (sq. ft)
59,242 SF

Location Insight

City
Port Charlotte
County
Charlotte
State
Florida
Latitude
27.01324196
Longitude
-82.13320705
19572 Cochran Blvd, Port Charlotte, Florida

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19572 Cochran Blvd
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