CAP Rate 4.95% 73% leased 9 yrs 100% projected 6.37%

Retail-Commercial for Sale
Catylist Listing ID: 30675608
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 11,163 SF
Gross Building Area: See Agent
Sale Price: $3,100,000
Unit Price: $277.70 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/4/2021

Overview / Comments

The Property is located in the Murdock Commercial Business center of Pt
Charlotte.

Building is an out parcel of the Port Charlotte Town Center Mall between Bob
Evans Restaurant and The Red Lobster also sharing frontage on El Jobean road
with many national and regional food franchises.Visibility on El Jobean is
excellent with lighted podium signage. This BW& R Franchise is one of three
owned by the current Tenant and has been a very successful restaurant
enjoying the cross over food and beverage traffic offered by all the other
restaurants at the Mall complex.

Murdock Village is the nucleus of the commercial retail commerce, and the
office business community of Port Charlotte. Located at the intersections of US
41 Tamiami Trail and El Jobean Rd the day traffic is excellent for this industry.
The Murdock area is now seeing very active development and growth along the
El Jobean corroder with several new developments under construction.

Attachments & Media

Current Tenants

Tenant Business Name Buffalo Wings and Rings

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402207253002
Zoning: CG
Tenancy: Multiple Tenants
Year Built: 1992

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,394 37,312 91,264
Median Age: 44.95 46.65 47.74
Households: 1,829 15,816 38,871

Contact

Photograph of Listing Agent

Ron A Struthers, PA

COLDWELL BANKER COMMERCIAL NRT
MFCRE Member
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