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.