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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

505 Hwy 17-92 Haines City, FL 33844

2,500 SF 0.91 ac lot Built 2009
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2009
Total area 2,500 SF
Lot 0.91 ac (39,640 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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