Palatka, FL - Domino's

Description:

• The tenant has over 10 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 2% annual rental increases starting after year 5, throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• The tenant is an experienced operator with 7 units
• Founded in 1960, Domino’s Pizza is the largest pizza company in the world, with a significant business in both delivery’s and carryout pizza, it ranks among the works’s top public restaurant brands with a global enterprise of more than 20,000 stores in over 90 markets

• The subject property is located less than 2 miles from a Publix-anchored center, which includes other national/credit tenants such as Marshalls, Five Below, Bealls, Planet Fitness, and more
• Domino’s, located along Reid St with an average of 32,500 vehicles passing daily, offers excellent visibility through significant street frontage