Edgewater, FL - Taco Bell & Planet 13

Description:

• The Property totals 4,887 SF and is divided into two suites with Taco Bell occupying 1,887 SF and Planet 13 Holdings utilizing the remaining 3,000 SF
• The brand new Taco Bell lease features 2% annual rental increases and the Planet 13 lease features a 10% rental increase at the beginning of year 6
• Both tenants will see these increases throughout the initial term and option periods, steadily growing NOI and hedging agaisnt inflation
• The offering consists of a 100% occupied diverse ecommerce resistant tenant lineup comprised of service tenants, creating a stabilized income stream for a new investor
• Both tenants recently signed brand-new long-term leases which are NNN in nature, limiting expense leakage for a future investor

• The asset is ideally situated just northwest of Florida Shores Plaza, an 81,000 square foot shopping center anchored by Winn Dixie and Beall’s
• Located a few miles south from New Smyrna Beach Regional Center, a 213,000 square foot shopping center anchored by Publix, Big Lots, Dollar Tree, and more
• Positioned in the center of a primary retail corridor with other nearby national/credit tenants including ALDI, AMC Theatres, Planet Fitness, Dollar General, Wawa, Walgreens, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes significant crossover store exposure to the site
• U.S. cannabis market has been rapidly growing and is expected to be a $56B industry in 2028 with $170B of additional economic impact