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945 S State Road 7
Plantation, FL 33317 Plantation

$2,800,000

Fast Food For Sale  •  2,866 Sq Ft

Property Details

  • Property Type Fast Food
  • Total Building Size 2,866 Sq Ft
  • Lot Size 1 ac
  • Building Class B
  • Year Built 2018
  • Cap Rate 5.00 %
  • Tenancy Single
38 Transit Score
68 Walk Score

Description

The subject investment property is situated on State Road 7, which boasts average daily traffic counts exceeding 45,500 vehicles. This Burger King benefits from Plantation, FL’s robust surrounding population. More than 1280,000 individuals reside within a three-mile radius and over 400,000 individuals are within a five-mile radius of the subject property.
The subject property benefits from being well-positioned in a dense retail artery consisting of national and local tenants, shopping centers, and hotels all within close proximity of this property. Major national tenants include: Walgreens, Subway, KFC, Family Dollar, Win-Dixie, Publix, Taco Bel, NAPA Auto Parts and more. This Burger King property also benefits from sitting less than a mile south of The Plantation General Hospital, which has a bed count exceeding 260, offers surgical services including orthopedic, sports medicine, thoracic oncology and endovascular procedures. Plantation General Hospital Medical serves as the top resource in the surrounding area for cancer treatment, diagnostic imaging, and orthopedic treatment.

Within walking distance of the subject property is the oldest club in the city, the Fort Lauderdale Country Club. FLCC is a 293 acre establishment, home to a 36-hole championship golf course, and other various amenities. Less than 20 minutes from the subject property is the Fort Lauderdale-Hollywood International Airport. In 2018, the airport processed over 35 million passengers, a 10% increase from the previous year, speaking to the growth of the surrounding area.

Plantation is a city in Broward County, FL, and has population of over 90,000. The city is known for its high quality of living and year-round warm weather. This makes Plantation an ideal stop for many individuals in search of a permanent or vacation south Florida home. The city also benefits from proximity to Fort Lauderdale and Hollywood Florida, which are some of the top tourstis destinations in the state. This mix of tourism residential traffic provides the subject property with a consistent customer base.

Highlights

Brand New Construction
Brand New Triple Net (NNN) 20-Year Sale Leaseback
55-Unit Franchisee
1.25% Annual Rental Increases Starting in Year Three
Compelling Location Fundamentals | Within a Half-Mile From The Plantation General Hospital | 264-Bed Count | 20 Minutes From Fort Lauderdale Airport
Robust Demographics | Population Exceeds 66,600 Individuals Within a Five-Mile Radius
Cap Rate: 5.00 %
Glen Kunofsky 212-430-5115 Marcus & Millichap Inc
Glen Kunofsky 212-430-5115 Marcus & Millichap Inc