100 State Road 7Royal Palm Beach, FL 33411
Florida QSR Investment, Strong ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $6,700,000 Asking Price for a Net Leased Raising Cane's in Royal Palm Beach, FL.
- 15-year NNN lease with a corporate guarantee, commencing August 21, 2022, and expiring August 20, 2037 (13.1 years remaining).
- 3,267 square foot building on a 1.3-acre lot, built in 2022.
- 100% occupancy with a current NOI of $250,000 and a 3.75% cap rate.
- Strong tenant: Raising Cane's, a rapidly growing fast-food chain with over 749 locations and exceeding $2.28B in annual revenue. This location is a top performer.
- Excellent location with high traffic counts (over 115,000 cars daily) and a dense population (over 193,000 people within a 5-mile radius). Rent bumps at 10% every 5 years. Broker co-op available.
Property Details for 100 State Road 7
- Property type
- Retail properties
- Square Feet
- 3,267 SF
- Year Built/Renovated
- 2022/2022
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 56,628 SF
- Units
- 1
Location Insight
- City
- Royal Palm Beach
- County
- Palm Beach
- State
- Florida
- Latitude
- 26.68187185
- Longitude
- -80.20171847
Nearby Similar for Sale
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