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Single-Tenant Vacant-User

Restaurant Redevelopment

2717 E 5th St, Panama City, FL 32401

Listing Price: $870,000

Cap Rate
10.00%
Years Remaining On Lease
18.8
Guarantor
Personal Guarantee
Rentable SF
2,045
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.08

Investment Overview

This is an opportunity for an investor to buy a second generation dark restaurant lease for a high yield and either re-tenant at the end of the base term of the lease or negotiate a lease buy-out with the tenant to cut their basis in a restaurant redevelopment opportunity either for an owner/user or one of the many restaurant concepts looking to expand footprint and market share in Florida markets. Tenant remains current on all rent and has franchisee agreements with other concepts providing a mitigation of risk from a personal bankruptcy.

Investment Highlights

  • Second generation restaurant redevelopment with 18+ years remaining, dark NNN lease in place
  • Opportunity for lease buyout
  • Strong personal guarantees by restaurant operators

Exclusively Listed By

Financing By

Single-Tenant Vacant-User

Restaurant Redevelopment

Listing Price: $870,000

Cap Rate
10.00%
Years Remaining On Lease
18.8
Guarantor
Personal Guarantee
Rentable SF
2,045
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.08

Investment Highlights

  • Second generation restaurant redevelopment with 18+ years remaining, dark NNN lease in place
  • Opportunity for lease buyout
  • Strong personal guarantees by restaurant operators

Investment Overview

This is an opportunity for an investor to buy a second generation dark restaurant lease for a high yield and either re-tenant at the end of the base term of the lease or negotiate a lease buy-out with the tenant to cut their basis in a restaurant redevelopment opportunity either for an owner/user or one of the many restaurant concepts looking to expand footprint and market share in Florida markets. Tenant remains current on all rent and has franchisee agreements with other concepts providing a mitigation of risk from a personal bankruptcy.

Exclusively Listed By

Financing By

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