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Views: 30 DOM: 78 Updated: 10.24.24 Posted: 09.06.24 Status: Active

Summary

Price $873,000
Built/Renov 2024
Tenant Ellianos Coffee (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 800
Lease Start 10-01-2024
#Units 2
Price/SF $1,091.25
Expiration 09-30-2039
Tenant Type Fast Food/QSR
NOI $48,000
R. Term 14.10
Ownership Ground Lease
Rent/SF $60.00
Increases 10.0%/5/yrs
Pop 5Mi 65,606
Lot/AC 0.52
Options 4/5yrs/10%
AHHI 5Mi $82,947

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease is backed by both a corporate and personal guarantee | Speak with Agent for details

Location Description

Ellianos Coffee is strategically located on State Highway 200, with access to 38,000 vehicles passing by daily. The property is part of a new retail development that will include Tidal Wave Auto Spa, Sun Tire, Waffle House, and Smalls Sliders. Additionally, it is positioned diagonally across from a Lowe’s-anchored shopping center and within walking distance of Calesa Township, a master-planned...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Ellianos Coffee
  • Guarantor:Franchisee
  • Company:Ellianos Coffee
  • # Units:2
  • Stock:Private

About Tenant

The Ellianos story began when experienced entrepreneurs and coffee lovers, Scott and Pam Stewart, returned to their home in Lake City, Florida, from a visit to the Pacific Northwest. While there,...


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Listing Broker

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