16720 Macon st - Restaurant FOR SALE
Clermont, FL 34714 |
$4,729,000 USD
561-427-6699
16720 Macon st
Clermont, FL 34714
HIGHLIGHTS
- Rare opportunity to own a 15-Year corporately guaranteed First Watch Café in tax-free state
- Clermont's population has nearly doubled in the last decade with thousands of new homes currently under construction
- NNN lease, new construction, and transferable roof warranty provide passive ownership and stable cash flow
- First Watch operates 540+ locations in 29 states and is publicly traded (NASDAQ: FWRG)
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
FOR SALE DETAILS
PRICE
$4,729,000 USD
PRICE/SF
$1,257 USD /SF
CAP RATE
5.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
First Watch | 15-Yr Lease | 5.35% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
82.23 AC
LAND SF
3,581,965 SF
ZONING
RS
APN/PARCEL ID
34-24-26-0001-000-00100
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561-427-6699
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561-427-6699
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