- The tenant currently has over 3 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 3% annual rental increases throughout the lease, growing NOI and hedging against inflation
- Firehouse Subs is a subsidiary of Restaurant Brands International Inc. (“RBI”), one of the world’s largest quick service restaurant companies with over $35 billion in annual system-wide sales and approximately 30,000 restaurants in more than 100 countries
Investment Offering
Ocala, FL - FIrehouse Subs
4905 E Silver Springs Blvd | Ocala, FL 34470
$1,124,320
Price5%
Cap Rate$56,216
NOI1,741
± SF Offering GLADescription
Location
- The site is situated as an outparcel to Six Gun Plaza (202,000+ SF), which is anchored by Bealls, Outback, T-mobile and more
- The subject property is located along E. Silver Springs Blvd, which averages 33,500 vehicles passing by daily
- The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart, Aldi, Lowe’s, Publix, Wawa, Dollar General, and many more
- Strong tenant synergy increases consumer draw to the overall trade area and promotes crossover store exposure to the site
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739