Overview

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,770 SF Spirit Truck Stop at 293 E County Road 470 in Lake Panasoffkee, FL. This Opportunity Includes a New 15 Year Lease With 2% Annual Increases and 3 x 5 Year Options, Providing For a Secure Investment.


In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229

Highlights

• New 15 Year Absolute NNN Lease With 2% Annual Increases and 3 x 5 Year Options
• Personal and Corporate Guarantee
• Absolute Net Lease (NNN) - Tenant is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance and Common Area Maintenance
• Property is Located in Sumter County at Exit #321 at the Southeast Quadrant of Interstate 75 and County Road 470 in Lake Panasoffkee, Florida South of Wildwood Exit; the Site is Well Located With Visibility From Interstate 75 and Easy Access to SR 301, Florida Turnpike and Interstate 4
• Tenant is a Multi-Store Operator With Over 10 Years of Experience in Operations and Management in the Truckstop Industry in Addition to 25 Years in the Trucking Industry
• § In Close Proximity to Lake Panasoffkee RV Park, Countryside RV Park, Lake Panasoffkee Elementary School and Panasoffkee Community Library
• Tenant is Committed to Investing Between $500,000 to $750,000 in Renovations
• Population of 55,485 With an Average Household Income of $62,258 Within a 10-Mile Radius
• Strong Inside and Outside Store Sales With Continuous Growth
• Nearby Tenants Include: Hardee’s, Shell, Circle K, Mobil and Tom & Jerry’s Airboat Rides

Documents

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