Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners Newport Beach
$4,125,000
First Watch
Details
APN 13-3394491
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,586
Cap Rate 5.75%
NOI $237,096
Occupancy 100%
Tenancy Single
Brand/Tenant First Watch
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/01/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 3 (5-year)
Price per SqFt $626
Year Built 2026
Acreage 2.510
Zoning RTO-H-e
Parking Spaces 137 spaces
Parking per 1,000 SqFt 20.80
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2026
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.75% CAP | 6,586 SqFt
Investment highlights
- New, 15-Year Lease | Options to Extend |Scheduled Rental Increases | 2.51 Acre Lot
- Absolute NNN Lease | Zero Landlord Responsibilities
- Woodmore Towne Center | Multifamily Development (398+ Units) |University of Maryland Capital Region Medical Center
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$237,096.00
$19,758.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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