16720 Macon st | Clermont, FL 34714
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16720 Macon st
Clermont, FL 34714
First Watch | 15-Yr Lease | 5.35% CAP · Retail Property For Sale
Investment Highlights
- Rare opportunity to own a 15-Year corporately guaranteed First Watch Café in tax-free state
- NNN lease, new construction, and transferable roof warranty provide passive ownership and stable cash flow
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- Clermont's population has nearly doubled in the last decade with thousands of new homes currently under construction
- First Watch operates 540+ locations in 29 states and is publicly traded (NASDAQ: FWRG)
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed First Watch Cafe featuring a 15 year NNN Lease with 10% rental increases every 5 years. First Watch opened for business November 18, 2024.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,761 SF
Building Class
B
Year Built
2024
Price
$6,703,216 CAD
Price Per SF
$1,782 CAD
Cap Rate
5.35%
NOI
$358,622 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
82.23 AC
Zoning
RS - Restaurant
PROPERTY TAXES
| Parcel Number | 34-24-26-0001-000-00100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $488,074 CAD |
PROPERTY TAXES
Parcel Number
34-24-26-0001-000-00100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$488,074 CAD
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