This offering is leased on a net basis to Hurricane Hideout Island Sports Bar and Grill at a monthly rental rate of $4,500.00 on a NNN basis. The current lease began February 1, 2017 and is for five years. There is one, five year renewal option at a monthly rate of $5,373.24. There are two main structures on the property. The restaurant, containing 3,040 square feet, is fully equipped and included in this offering. A complete equipment list is attached to this offering. The second structure is two story with the ground floor housing the restaurant cooler and freezer and the second floor is divided into a rental apartment. The current cap rate for this offering is 5.43%.

Location Description:

The property is located less than one mile north of Pine Island Center. The site contains 1.63 acres and has over 650' of frontage along Stringfellow Road. At one time, it was planned to pave the parking lot resulting in around 90 parking spaces. The existing use can be expanded substantially and still comply with parking requirements.

Highlights:

>> Performing five year lease with one, five year renewal option

>> Owner financing available

>> Outdoor seating available

>> Large 2-story storage space in building adjacent to restaurant, includes walk-in cooler and freezer, office desk, shelving, washer & dryer

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