36610 Us-27 Haines City, FL 33844
- Retail properties
- 5,136 SF
- 1.34 lot acres
Current Use by Public Records
- Retail properties
Property Details for 36610 Us-27
- Year built
- 2024
- Lot size
- 1.34 lot acres
- Property size
- 5,136 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This exceptional investment opportunity presents a brand-new, 5,136 square foot Chili's Bar & Grill situated on a 1.34-acre lot in Haines City, Florida. Located at 36610 US-27, this property benefits from a high-traffic location between a Walmart Supercenter and a Lowe's, boasting over 74,000 vehicles passing daily. The property is a single-tenant, absolute net (NNN) ground lease with a corporately guaranteed tenant, Brinker Florida, Inc. The lease commenced November 14, 2024, and features a remaining term of 10 years, with four 5-year renewal options. Annual rent is $175,000, with a 10% rent increase every five years, providing a hedge against inflation. The property's 5.25% cap rate and $3,333,000 asking price make it an attractive investment. Built in 2024, the property enjoys excellent visibility and accessibility from a signalized intersection on US Highway 27. Polk County's status as Florida's fastest-growing county in 2023, with substantial residential development within a six-mile radius, further enhances the property's long-term value. This passive ownership opportunity offers significant potential for out-of-state investors, particularly given Florida's favorable tax environment. The property's permitted zoning ensures its continued suitability for its current use. This is a rare chance to acquire a stable, high-performing asset in a rapidly expanding market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Haines City
- County
- Polk
- State
- Florida
- Longitude
- -81.6396
- Latitude
- 28.1335
