Subway for Sale in Leesburg, FL
Leesburg, FL
Key Investment Metrics
Price
$625,000
Cap Rate
6.3%
Net Operating Income
$39,552
Land Area
0.3 Acres
Remaining Term
8.3 years
Lease Expiration
10/29/2034
Lease Type
NN
Tenant Credit
Franchisee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
3% Per Annum
Property overview
Subway in Leesburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Land area
- 0.3 acres
- Lease type
- NN
- Lease expiration
- 10/29/2034
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.