19572 Cochran BlvdPort Charlotte, FL 33948

Property Details for 19572 Cochran Blvd

Year built

2023

Lot size

1.36 AC

Property size (Sq ft)

3,100 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

27.0132

Longitude

-82.1332

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