1492 Tamiami TrlPort Charlotte, FL 33948
- Retail properties
- 0.61 AC
Property Details for 1492 Tamiami Trl
- Year built
- 2024
- Lot size
- 0.61 AC
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a brand-new, 2,370 square foot Del Taco restaurant in Port Charlotte, Florida. Located on a 0.61-acre lot at a signalized, hard corner intersection of US Highway 41 (62,000 VPD) and State Highway 776 (35,000 VPD), this property boasts excellent visibility and accessibility. The property features a 20-year absolute NNN ground lease commencing September 1, 2024, and expiring September 1, 2044, with a substantial remaining term of 19.8 years. The lease includes 10% rent bumps every five years and three 5-year option periods, ensuring consistent income growth. The current annual net operating income (NOI) is $130,000, representing a 5.00% cap rate on the $2,600,000 asking price. Built in 2024, this Del Taco is backed by a reputable franchisee with a portfolio exceeding 100 units, providing a strong guarantee. The property's prime location and long-term lease structure make it an attractive investment with significant potential for appreciation. The property address is 1492 Tamiami Trl, Port Charlotte, FL 33948.
Location Insight
- City
- Port Charlotte
- County
- Charlotte
- State
- Florida
- Latitude
- 27.0106
- Longitude
- -82.141
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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