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First Watch | New 15yr Ground Lease w/ Incrs 4770 Marigold Ave 4,200 SF Retail Building Kissimmee, FL 34758 $4,897,000 ($1,165.95/SF) 4.85% Cap Rate
Investment Highlights
- New 15-Year Ground Lease | Options To Extend | Scheduled Increases | Strong Tenant Signature
- Prime Location | Outparcel to a Newly Developed Shopping Center
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Zero Landlord Responsibilities
- Direct Consumer Base | Nearby Multfamily & Senior Apartments |Surrounding Residential Development | HCA Poinciana Hospital
Executive Summary
• The tenant signed a brand new 15-year lease with 4 (5-year) options to extend
• Tenant recently commenced the lease and started operating.
• The lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period.
• First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 600 locations across 32 states.
• Tenant recently commenced the lease and started operating.
• The lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period.
• First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 600 locations across 32 states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
B
Year Built
2025
Price
$4,897,000
Price Per SF
$1,165.95
Cap Rate
4.85%
NOI
$237,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
PD - Planned Development
Parking
56 Spaces (13.33 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- First Watch
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| First Watch | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-27-28-4732-0001-0030 | Improvements Assessment | $0 |
| Land Assessment | $731,800 | Total Assessment | $731,800 |
Property Taxes
Parcel Number
12-27-28-4732-0001-0030
Land Assessment
$731,800
Improvements Assessment
$0
Total Assessment
$731,800
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First Watch | New 15yr Ground Lease w/ Incrs | 4770 Marigold Ave
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