Starbucks and Heartland Dental | Two Tenant Net Leased Investment | FOR SALE

Description:

• Top Growth Market in the Country
- 62.26% 1-mile population growth since 2010 | 40.85% 3-Mile Population Growth Since 2010
- 20.05% 1-mile population growth projected over the next five years | 18.74% 3-mile population growth projected over the next five years
- Citrus Grove Road is being extended; four lanes will connect Highway 27 with N. Hancock Road at the intersection of the shopping center
- The lease provides 10% rental escalations every 5 years during the initial term and renewal options

• Signalized Hard Corner
- Located on N Hancock Road (11k VPD) | 0.5 Mile Drive from the Minneola Turn Pike Exit (75K VPD)
- High-demand parcel location should the property ever need to be backfilled

• Integrated into One of the Largest Master-Planned Communities in Lake County
- There are 8,252 residential units currently approved within three miles
- Beazer Homes - 399 Units Located 0.1 Miles from the Subject Property
- Skorman Apartments - 600 Units Located 0.2 Miles from the Subject Property
- The Hills of Minneola is Planned for 4,000 Residential Units and will feature commercial/ medical/industrial space, and hospitality options

• Publix Outparcel and Masterplan Retail Development
- Massive 48,387 SF store is one of the new two-story prototypes the company has started debuting
- Featuring a whole new look for merchandising, signage and overall feel
- Total other retail of 23K SF in addition to Publix, will create cross-shopping synergies with the Subject Property

• New 2022 Construction in a Tax Free State
- Florida has a 0% state income tax which provides maximum profitability for the next owner
- Florida Has Established Itself as a Pro-Business State | Investors Flocking to Store Capital in the State Will Translate to Maximum Upside Potential Upon Future Owner’s Disposition
- Brand new construction with high-quality materials and distinct Heartland Dental/Starbucks design elements
- The asset benefits from significant street frontage and multiple points of access, providing ease and convenience for customers

• Orlando MSA
- Asking Retail rents are up 7.8% over the trailing 12-month period, well above the increase in the national index of 3.6%
- Orlando International Airport served nearly 49 million domestic and international passengers during 2022, an increase of more than 40% over the year prior
- Metro Orlando grew by 540,000 (25% growth) residents from 2010 to 2020
- Tourism contributes over $40B to the local economy annually

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