Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Newport Beach
$4,750,000
First Watch | Kissimmee, FL
Details
APN 122728473200010030
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,200
Cap Rate 5%
NOI $237,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 06/30/2040
Remaining Term 14.1
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $1,131
Year Built 2025
Acreage 0.960
Zoning PD - Planned Development
Parking Spaces 56 spaces
Parking Per SqFt 13.33
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2025
Ground Lease Yes
Ownership Leased Fee (Land Ownership)
New Construction
Investment highlights
New 15-Year Ground Lease | Options To Extend | Scheduled Increases | Strong Tenant Signature
Absolute NNN | Zero Landlord Responsibilities
Prime Location | Outparcel to a Newly Developed Shopping Center
Direct Consumer Base | Nearby Multfamily & Senior Apartments |Surrounding Residential Development | HCA Poinciana Hospital
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,500.00
$19,791.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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