Miami, FL - First Watch

Description:

• The tenant just recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• First Watch is the leading Daytime Dining concept serving made-to-order breakfast, brunch and lunch with more than 630+ locations

• The site is an outparcel to Deerwood Town Center, a 280,000+ SF shopping center, anchored by Home Depot, Amped Fitness and Pet Supermarket
• The asset benefits from nearby direct on/off ramp access to the Florida Turnpike, a major thoroughfare that averages 240,500 VPD
• Other nearby national/credit tenants include Publix, Walmart Supercenter, Walgreens, CVS, RaceTrac, and many more

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Listing ID: a28TP000002Do5tYAC