SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (ground lease) in an absolute NNN leased, First Watch investment property located in Cape Coral, Florida. The tenant, First Watch Restaurants, Inc., recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 7.50% rental increase after year 5 and 10% rental increases every 5 years thereafter throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property is scheduled to open in May of 2025.