Taco Bell – Port Charlotte, FL

Taco Bell – Port Charlotte, FL

Taco Bell – Port Charlotte, FL
1710 Tamiami Trail
Port Charlotte, FL 33948

$3,300,000

Cap Rate 5.56%
Gross Leasable Area (GLA) 2,818
Price Per Square Foot (GLA) $1,171.04
Year Built 1990/2013
Lot Size 0.83 Acres
  • 10 Years Remaining on NNN Lease - No Landlord Responsibility
  •  Upgraded to Bold Choice Concept in 2013
  •  68,000 Plus Cars Per Day on Tamiami Trail (US Highway 41)
  •  Near Walmart, Staples, Publix, Walgreens and Lowe's
  •  In the Heart of the Retail Corridor in Port Charlotte, FL
  •  Less Than a Quarter Mile to Port Charlotte Town Center Mall - Anchored by Dillard's, Sears, Macy's and JCPenney
  • Coastal QSR is One of the Top 20 Taco Bell Franchisees
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Taco Bell – Port Charlotte, FL (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present the offering of Taco Bell located at 1710 Tamiami Trail in
Port Charlotte, Florida. Port Charlotte is halfway between Sarasota and Naples. The property is an
outparcel in Murdock Plaza. It is adjacent to Kmart near the intersection of the Tamiami Trail and
Veterans Boulevard, in the heart of the main retail corridor in Port Charlotte. Tamiami Trail has a
daily traffic count of more than 68,000 cars per day.
Nearby is Port Charlotte Town Center, a Simon-owned regional mall, anchored by Beall’s, Sears,
Macy’s, JCPenney and Dillard’s. Other area retailers include Walmart, Lowe’s, Publix, Kohl’s,
Kmart, Target, Publix and Walgreens.
There are currently 10 years remaining in the initial term of the triple -net lease (NNN) with
absolutely no landlord responsibilities. The lease is guaranteed by Coastal QSR, a 99 unit operator
in the southeast.

For More Information, Please Contact:

Dana Speer

Associate
813-387-4838
dana.speer@marcusmillichap.com