•	Burger King recently executed a brand new 20-year lease
•	The lease features 5% rental increases every 5 years throughout the initial 20-year term and at the beginning of each option period
•	Franchisee is an established QSR operator with and the lease is signed by a 13-unit entity. Inquire with broker for more information

Offering Memorandum

•	The property is located on the same intersection as a new construction Publix-anchored shopping center, promoting cross-traffic while not being encumbered by any Publix-related use restrictions
•	The Publix Supermarket is ranked as the number 1 grocer within a 15-mile radius and in the 87th percentile of all Publix stores nationwide (Placer.AI)
•	This recently constructed Publix-Anchored center has a strong tenant lineup, including well-known brands like Great Clips, Wendy’s, Rocket Fizz, and Publix Liquors
•	Adjacent to this asset is Crestview Marketplace, a Winn-Dixie anchored shopping center that features Verizon, McDonald’s, and more
•	Less than a mile West of the subject site, there are two new developments underway that will feature 250 apartment units and 165 single family homes (see Page 13 for more details)

Crestview, FL - Burger King

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Jarrett Slear joined SRS Real Estate Partners in 2023 as Patrick Nutt’s lead analyst on the Florida Capital Markets team. During this time, he played a pivotal role in underwriting single-tenant properties, single-tenant portfolios, and several multi-tenant assets for both institutional and developer clients. As an analyst, Jarrett underwrote more than 500 assets, exceeding $1 billion in total property value. Since transition into brokerage, he’s successfully closed more than 60 transactions, exceeding $115 million in sales volume. Jarrett specializes in seller and buyer representation, with an extensive track record in the disposition of single-tenant retail assets, including QSR, banks, and vacant or distressed properties that present a value-add component through repositioning or redevelopment. Jarrett began his commercial real estate career in the summer of 2021 as an acquisitions and dispositions intern for a publicly traded REIT in Greater Philadelphia. This was followed by a full-time analyst role with the NNN Pro Group’s institutional coverage team in Manhattan, NY, prior to joining SRS.Jarrett graduated from Plymouth State University, where he was a member of the men’s NCAA ice hockey program. He holds a B.S in business administration with a minor in professional sales.

Jarrett Slear

Capital Markets

Sold

Crestview, FL - Burger King

Description

Location

Contact

William Wamble

Patrick Nutt

Michael Berk