Ocala, FL - Ellianos Coffee

Description:

• The tenant signed a brand-new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• Ellianos Coffee was founded in Lake City, FL, and currently has 69 operating locations with over 180 additional locations planned
• The lease features a 10% rental increases every five years throughout the initial term and in the options to extend, steadily growing the NOI and providing a hedge against inflation

• Ideally positioned off I-75 (140,500) VPD, allowing for on/off ramp access to the site and surrounding trade area
• Just off the signalized, hard corner intersection of W Silver Springs Rd and SW 60th Ave averaging a combined 47,300 VPD
• This will be the second Ellianos location in Ocala; the first location is 7.5 miles away from the subject site, limiting competition in the area