Popeyes 2900 Ridgewood ave
2,126 SF Retail Building Edgewater, FL 32141 $2,524,270 ($1,187/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- New Development Popeyes Louisiana Kitchen, Rent Projected to Commence December 2024
- Attractive 1.75% Annual Rental Increases Built Into Lease
- Located Along Ridgewood Ave With 22,000 Vehicles Passing in Front of Subject Property Daily
- Absolute NNN With Zero Landlord Responsibilities
- Healthy 5-Mile Demographics With 35K+ Residents With Positive Population Growth Rates
- Situated on Outparcel to Publix Anchored Shopping Center, Providing Heavy Daytime Traffic to Location
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,126 SF
Building Class
B
Year Built
2024
Price
$2,524,270
Price Per SF
$1,187
Cap Rate
5.15%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8411-08-00-0031 | Improvements Assessment | $0 |
| Land Assessment | $485,156 | Total Assessment | $485,156 |
