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Restaurant

Miller's Ale House

1817 W Brandon Blvd, Brandon, FL 33511

Listing Price: $7,065,000

Cap Rate
5.75%
Tenant Name
Miller's Ale House, Inc.
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
8,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.91

Investment Overview

Marcus & Millichap is pleased to present Miller’s Ale House, a rare opportunity for an investor to purchase a truly iconic brand and trophy location in the submarket of Brandon, FL. The NNN lease is a corporate guarantee with 93 locations nationwide. There was a recent extension signed with over 6.5 years remaining on the base term of the lease. The subject property is located in the Tampa MSA on Brandon Boulevard which sees over 83,000 cars per day. The area has exceptional population migration and density making this a prime location with a proven track record of success.

Investment Highlights

  • Recent Extension Signed - Over 6.5 Years Remaining on the Base Term of the Lease
  • True NNN Lease - No Landlord Responsibility
  • Corporate Guarantee with 93 Locations Nationwide
  • Located on Brandon Boulevard Which Sees Over 83,000 Cars per Day
  • Strong Rental Increases - Rare 3% Annual Increases
  • Owned by Parent Company, Roark Capital - An American Private Equity Firm With Over 20 Years in Operation and Over $20 Billion in Assets Under Management

Exclusively Listed By

Listing Price: $7,065,000

Cap Rate
5.75%
Tenant Name
Miller's Ale House, Inc.
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
8,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.91

Investment Highlights

  • Recent Extension Signed - Over 6.5 Years Remaining on the Base Term of the Lease
  • True NNN Lease - No Landlord Responsibility
  • Corporate Guarantee with 93 Locations Nationwide
  • Located on Brandon Boulevard Which Sees Over 83,000 Cars per Day
  • Strong Rental Increases - Rare 3% Annual Increases
  • Owned by Parent Company, Roark Capital - An American Private Equity Firm With Over 20 Years in Operation and Over $20 Billion in Assets Under Management

Investment Overview

Marcus & Millichap is pleased to present Miller’s Ale House, a rare opportunity for an investor to purchase a truly iconic brand and trophy location in the submarket of Brandon, FL. The NNN lease is a corporate guarantee with 93 locations nationwide. There was a recent extension signed with over 6.5 years remaining on the base term of the lease. The subject property is located in the Tampa MSA on Brandon Boulevard which sees over 83,000 cars per day. The area has exceptional population migration and density making this a prime location with a proven track record of success.

Exclusively Listed By

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