16720 MacOn St | Clermont, FL 34714
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- LoopNet Team
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
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,761 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Lot Size
82.23 AC
Zoning
RS - Restaurant
PROPERTY TAXES
| Parcel Number | 35-24-26-0001-000-08100 | Improvements Assessment | $558,440 |
| Land Assessment | $749,954 | Total Assessment | $1,308,394 |
PROPERTY TAXES
Parcel Number
35-24-26-0001-000-08100
Land Assessment
$749,954
Improvements Assessment
$558,440
Total Assessment
$1,308,394
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