208 Guava St - Fast Food FOR SALE


Lady Lake, FL 32159
$625,000 USD
516-737-3638
208 Guava St, Lady Lake, FL for Sale
$625,000 USD
Fast Food - FOR SALE
1/9
null | 6.33% Cap Rate

208 Guava St
Lady Lake, FL 32159


HIGHLIGHTS

  • Long-term Subway lease in place through 08/31/2034 with 3% annual rent increases, providing consistent NOI growth and built-in ination protection.
  • Located in Lady Lake, Florida, directly adjacent to The Villages, one of the fastest-growing retirement and residential communities in the U.S
  • Stand-alone retail building oering strong real estate fundamentals, including excellent visibility, convenient access, dedicated parking
  • Tenant is responsible for the majority of day-to-day operating expenses, including HVAC, plumbing, electrical, utilities, interior maintenance, ETC

OVERVIEW

Stand-alone Subway located at 208 W Guava Street in Lady Lake, Florida, directly adjacent to The Villages, one of the fastest-growing master-planned communities in the United States. • Long-term lease in place through August 31, 2034, providing approximately 8+ years of remaining term. • Attractive 3% annual rent increases throughout the primary term and option periods, creating consistent NOI growth and inflation protection. • Tenant operates under Doctor's Associates LLC with a proven multi-unit operator controlling approximately 23 Subway locations, including 19 in Florida and 4 in Indiana. • Two (2) additional five-year renewal options provide long-term occupancy potential. • NN lease structure with tenant responsible for the majority of operating expenses, including HVAC, plumbing, electrical, utilities, interior maintenance, trash removal, pest control, and general property upkeep. Landlord responsibilities are limited primarily to roof and structure. • 1,237 SF freestanding building situated on approximately 0.29 acres with dedicated parking and excellent accessibility. • Strategically positioned near the signalized intersection of US Highway 27 and State Road 466, benefiting from traffic counts exceeding 24,000 vehicles per day. • Surrounded by national retailers including Publix, Target, TJ Maxx, Best Buy, PetSmart, CVS, Chick-fil-A, McDonald's, Burlington, Five Below, Sam's Club, Wawa, AutoZone, and Advance Auto Parts. • Strong demographic profile with a population exceeding 89,000 residents within a five-mile radius and projected continued growth throughout the trade area. • Rare opportunity to acquire an affordable net-leased asset in a high-growth Florida market with built-in rent growth and limited landlord responsibilities.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

6.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,763 SF

ZONING

HC

APN/PARCEL ID

20-18-24-0400-000-04900

ASK ABOUT THIS PROPERTY

Abraham AdjmiSilber Investment Properties, LTDMore Info
516-737-3638

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Abraham AdjmiSilber Investment Properties, LTDMore Info
516-737-3638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.