• Broker Patrick Wagor 5614276699 x 1027

First Watch | 15-Yr Lease | 5.35% CAP 16720 Macon st 3,761 SF Retail Building Clermont, FL 34714 $6,551,888 CAD ($1,742.06 CAD/SF) 5.35% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Rare opportunity to own a 15-Year corporately guaranteed First Watch CafĂ© 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
Restaurant
Building Size
3,761 SF
Building Class
B
Year Built
2024
Price
$6,551,888 CAD
Price Per SF
$1,742.06 CAD
Cap Rate
5.35%
NOI
$350,526 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
82.23 AC
Zoning
RS - Restaurant

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • First Watch Cafe
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
First Watch Cafe - - - -

LINKS

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
US 31 Cagan View Rd, N 42,500 2020 0.16 km
US 27 Cagan View Rd, N 42,500 2021 0.16 km
US Hwy 27 Ave Cuarta, SW 36,767 2025 0.47 km
US Hwy 27 Cagan Crossings Bv, N 36,605 2025 0.54 km
US Hwy 27 Sunrise Lakes Blvd, N 35,419 2025 1.00 km
US Hwy 192 US Hwy 27, SW 21,154 2020 1.15 km
US-27 SR-25 Hwy 27, SW 18,907 2024 1.15 km
US Hwy 27 Co Rd 530, NE 16,621 2020 1.30 km
Co Rd 530 US Hwy 27, NW 9,167 2020 1.37 km
US 192 EB Hwy 27, NW 9,500 2021 1.37 km

NEARBY MAJOR RETAILERS

Gator's Dockside
Checkers
Waffle House
Starbucks
Bank of America
Fairwinds Credit Union
Five Guys
Hurricane Grill & Wings
Trustco Bank
Anytime Fitness

MAP

ADDITIONAL PHOTOS

View Photo FirstWatchCREXI4
View Photo FirstWatchCREXI3
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View Photo FirstWatchCREXI7
View Photo FirstWatchCREXI2
View Photo FirstWatchCREXI6

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