Ocala, FL - FIrehouse Subs

Description:

• The tenant currently has over 3 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the lease, growing NOI and hedging against inflation
• Firehouse Subs is a subsidiary of Restaurant Brands International Inc. (“RBI”), one of the world’s largest quick service restaurant companies with over $35 billion in annual system-wide sales and approximately 30,000 restaurants in more than 100 countries

• The site is situated as an outparcel to Six Gun Plaza (202,000+ SF), which is anchored by Bealls, Outback, T-mobile and more
• The subject property is located along E. Silver Springs Blvd, which averages 33,500 vehicles passing by daily
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart, Aldi, Lowe’s, Publix, Wawa, Dollar General, and many more
• Strong tenant synergy increases consumer draw to the overall trade area and promotes crossover store exposure to the site