CBRE is pleased to present the exclusive listing for a new, 20-year leased Captain D’s located at 200 State Road 19, in Palatka, FL. The site consists of 2,248 total square feet of building space and sits on 1.15 acres of land. The site will be subject to a 20-year sale-leaseback with Captain D’s (Private Franchisee). Starting in year one, the base rent shall be $155,000. The lease will call for 10% rental escalations each five-year period during the base term and throughout each of the four (4), five-year renewal option periods (40-year potential total term). The subject property benefits from being located in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a main arterial road in Palatka, FL manufacturing market, the subject property is surrounded with the following major tenants in the immediate area; Home Depot, CVS, Publix, Marshalls, Dollar Tree, Walgreens, Staples, as well as many more. This location also benefits from its proximity to St. Johns River State College and Palatka High School, boasting a nearby student count of 8,000+.