CORPORATE GUARANTEE - STRONG LEASE FUNDAMENTALS
- Abs. NNN Ground Lease Provides Zero Landlord Responsibilities
- 10% Rental Increases every 5 years, including all seven option periods
- 20 year term with seven (7) five (5) year extensions
- Discount Tire currently operates more than 1,200 locations nationwide
PRICED BELOW REPLACEMENT COSTS
- Asset is priced below replacement costs to build a new building
- Below market rents protects the owner from in-market tenant flight risk while also providing additional upside to increase the rent in the future
POSITIONED IN PROMINENT RETAIL NODE
- Over 553K SF of retail space within a 1-mile radius while the Nearby Retailers include: The Home Depot (98th percentile in visits in FL & US), Lowe’s Home Improvement, Publix Supermarket, ALDI, and more
- With a combined VPD of 75,000 at the intersection, the site benefits from multiple convenient points of ingress and egress, ensuring easy access and maximum exposure
NEW CONSTRUCTION
- Tenant is self-constructing the building to meet their specific use and prototype
DENSE RESIDENTIAL AREA
- Within a 1-mile radius of the Discount Tire the Average Household Income is over $89K
- In the 5-miles surrounding the site there are over 68K homes according to
- Within a 1-mile radius of the site there are 160 units of multifamily with a 12 month absorption of 82 units
HIGH GROWTH CAPE CORAL, FL
- Cape Coral is the 8th largest city in Florida and the largest city between Tampa and Miami
- With its strategic location and rapid development, Cape Coral is projected to experience a 42% growth in population over the next 10 years