Seminole, FL - Wild Fork Foods

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Wild Fork
Foods investment property located in Seminole, Florida. The tenant, Wild Fork Foods, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years 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 lease is guaranteed by Wild Fork Foods’ parent company, JBS USA Holding Lux S.a.r.l., the world’s largest producer of beef and poultry.

The Wild Fork Foods is located near the signalized, hard corner intersection of 113th St N and Park Blvd, which combined for an average of 70,300 vehicles per day. Park Blvd is the major retail thoroughfare serving the city of Seminole. The Wild Fork Foods is an outparcel to a Publix that ranks in the 97th percentile nationwide for annual visits per Placer.ai. In addition, the subject property is also across from Seminole City Center, a 377,000-square foot center with major tenants including LA Fitness, HomeGoods, Sportsman’s Warehouse, Chipotle, Panda Express, CAVA, Outback Steakhouse, and many others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Sprouts, Crunch Fitness, ALDI, Chick-fil-A, and Starbucks. The immediate trade area is supported by a population of over 192,500 residents and 75,400 employees within 5 miles; residents within 3 miles have an average household income of $126,924.

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