Foley, AL - First Watch

Description:

• The tenant recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• 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 31 states

• First Watch is strategically located along S McKenzie St with clear visibility and access to an average of 41,900 vehicles passing by daily
• The asset benefits from direct access onto several major highways in addition to Foley Beach Express, making this an ideal and centralized location with easy commutes for both employees and customers
• The property benefits from excellent visibility via significant street frontage

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Listing ID: a28TP000000wmc9YAA