Peter Piper Pizza North Lauderdale,Florida

$2,285,000
Property type:Single-Tenant Net Lease

The space

  • Price: $2,285,000
  • Rentable SF: 7,540 SF
  • Annual Rent: $120,000
  • Rent PSF: $15.92
  • Land Area: 1.15 Acres
  • Year Built: 2019
  • Lease Type: NNN
  • Lease Term: 15 Years
  • Option Periods: 4, 5-Year Options
  • Lease Expiration: 3/31/2034 est

Description

7900 West McNab Road
North Lauderdale, FL 33068

Investment Highlights

  • Brand New, 15-Year, NNN Lease
  • Lease Guaranteed by CEC Entertainment, Inc., Owner and Operator of Chuck E. Cheese’s
  • Outparcel to Walmart Supercenter
  • Four, Five-Year Renewal Options
  • 10% Rent Increases Every Five Years in Base Term
  • Peter Piper Pizza is Part of the Chuck E. Cheese Family

 

Investment Overview

The Peter Piper Pizza located at 7900 West McNab Road in North Lauderdale has a brand new, 15-year, triple net (NNN) lease. There are four, five-year renewal options with 10 percent rental increases every five years throughout the base term. Peter Piper Pizza is part of the Chuck E. Cheese’s family. The lease is guaranteed by CEC Entertainment, Inc., who is also the owner and operator of Chuck E. Cheese’s

This is a brand new location, construction begins in summer of 2018. This Peter Piper Pizza location will be an outparcel to Walmart Supercenter. Other surrounding national retailers include Publix, Home Depot, Ross, Aldi, Walgreens, CVS, Bank of America and many more. The subject property is located in Broward County, which contains a population of 1.9 million people.

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