505 Hwy 17-92 Haines City, FL 33844
This exceptional investment opportunity presents a 2,500 square foot, single-story Burger King building situated on a 0.91-acre lot in Haines City, Florida. Built in 2009, this absolute triple-net (NNN) ground lease boasts a remaining term of five years, extending to November 22, 2029. The property benefits from a corporate guarantee from Burger King Corporation, a significant advantage in the fast-food sector. Located at the busiest intersection in Haines City, on US Hwy 17-92 W, the site enjoys exceptional visibility and high traffic counts of 34,000 vehicles per day on US-17 and 62,000 on nearby Hwy 27. This pad site is strategically positioned within a shopping center anchored by Publix and Bealls, alongside other established businesses including Dollar General, Enterprise Rent-A-Car, Advance America, and Anytime Fitness. The lease includes attractive 12.5% rent increases every five years, ensuring consistent income growth. The current net operating income (NOI) is $106,787, representing a 5.00% cap rate on the asking price of $2,135,740 ($854.30 per square foot). This property offers a compelling investment opportunity in a prime location within a thriving retail environment in a tax-free state. The property is part of the Lakeland-Winter Haven Florida MSA, southwest of Orlando.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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