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Restaurant

Dick's Wings and Grill

1803 E West Pkwy, Fleming Island, FL 32003

Listing Price: $1,340,133

Cap Rate
6.00%
Tenant Name
Perrys Brothers, Inc
Years Remaining On Lease
7.1
Guarantor
Personal Guarantee
Rentable SF
5,360
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dick’s Wings and Grill located at 1803 E West Parkway in Fleming Island, Florida. The site consists of roughly 5,360 rentable square feet of building space on estimated .20-acre parcel of land. This Dick’s Wings and Grill is subject to a 14 + year absolute triple-net (NNN) lease, which commenced March 26th, 2015. The current annual rent is $80,408 and is scheduled to increase by two percent (2%) annually throughout the base term and in each of the two (2), five (5)-year renewal options.

Investment Highlights

  • 14-Year Lease With7.54 Years Remaining on the Base Term of the Lease
  • Absolute Triple Net (NNN) Lease | No Landlord Obligations
  • Two Percent (2.0%) Rental Increases Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Restaurant

Dick's Wings and Grill

Listing Price: $1,340,133

Cap Rate
6.00%
Tenant Name
Perrys Brothers, Inc
Years Remaining On Lease
7.1
Guarantor
Personal Guarantee
Rentable SF
5,360
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.00

Investment Highlights

  • 14-Year Lease With7.54 Years Remaining on the Base Term of the Lease
  • Absolute Triple Net (NNN) Lease | No Landlord Obligations
  • Two Percent (2.0%) Rental Increases Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dick’s Wings and Grill located at 1803 E West Parkway in Fleming Island, Florida. The site consists of roughly 5,360 rentable square feet of building space on estimated .20-acre parcel of land. This Dick’s Wings and Grill is subject to a 14 + year absolute triple-net (NNN) lease, which commenced March 26th, 2015. The current annual rent is $80,408 and is scheduled to increase by two percent (2%) annually throughout the base term and in each of the two (2), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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