$1,060,000
$1,150,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
1,776 SqFt
SOLD DATE : 04/01/2020
Key Details
Sold Price $1,060,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,776 sqft
Price per Sqft $596
Subdivision Queens Mirror South Rep
MLS Listing ID O5837381
Sold Date 04/01/20
Construction Status Inspections
HOA Y/N No
Year Built 1979
Annual Tax Amount $1,148
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Dunkin Donuts Ground Lease for sale. Located in Casselberry at 1792 and 436, Rental income starting March 2020 is $72,995.00. This Dunkin has been here for 15 years of the original 20-year term, 5 years remaining on the lease with one 5 year option. Dunkin owns the building and if they choose not to renew their lease the building goes to the property owner. Corporate Dunkin pays rent, Tenant multi-unit franchisee, NNN lease with a 6.35% CAP Rate. Over $72,000.00 Annual income.
Location
State FL
County Seminole
Community Queens Mirror South Rep
Zoning R-8
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range Up to 10,889 Sq. Ft.
Structure Type Block
New Construction false
Construction Status Inspections
Others
Ownership Other
Special Listing Condition None
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