ATTRACTIVE LEASE FUNDAMENTALS
- Two Corporately Guaranteed leases (Chipotle 15Yrs & Heartland 10Yrs)
- Both leases have 2 x 5 year extensions left
- Each lease provides 10% rent increases every 5 years in base term and option periods providing a strong inflation hedge in a tax free state
- Fee simple ownership allows for depreciation of the building boosting after tax returns
STRONG CREDIT TENANTS
- Heartland Dental (1,800+ Locations) has a credit rating of B-
- Chipotle Mexican Grill (3,250+ Locations) has a credit rating of B+
- Together, this site has a low risk of default and provides a safe long term investment
NEW COSTCO ANCHORED SHOPPING CENTER OUTPARCEL W/ HUGE TRAFFIC COUNTS (55K)
- Within a 1-mile radius of the site is more than 850K SF of retail space
- Nearby National Retailers Include: Costco Wholesale, Floor & Décor, Golf Galaxy, East Towne Center with a Publix Supermarket and more
SURROUNDED BY HUNDREDS OF NEW RESIDENTIAL UNITS
- Just east of the site and in the shopping center are the Skyline at West Fall Station apartments with 300 units
- Across the street are multiple apartment complexes including the Broadstone Overlands complex with more than 200 units and the John’s Lake Landing Cottage Series with over 400 units
CLOSE PROXIMITY TO DISNEY WORLD
- Site is located under 30 minutes from Disney World
- The Disney World Resort is the largest theme park in the world, spanning 27,520 acres
- Disney world attracts over 58 million visitors annually with more than 160K visitors daily
- Due to close proximity many of the 77K Disney World employees live in Clermont, FL providing a strong impact to the community
NEW CONSTRUCTION
- This multi-tenant property was built with the newest format and store type for both Heartland Dental and Chipotle, including the new “Chipotlane” drive-thru pick up lane for online orders, which has lead to increased sales volume