Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, ANF Gyros & Grill, investment property located in Orlando, Florida. The tenant, ANF Gyros & Grill, recently signed a brand new 10 year lease with 1 (10-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual bumps throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The ANF Gyros & Grill is located near the signalized, hard corner intersection of Dardanelle Drive and Silver Star Road (State Highway 438), a major retail and commuter thoroughfare averaging a combined 39,900 vehicles passing by daily. The asset benefits from excellent visibility via significant street frontage and a monument sign in front of State Hwy 438. Furthermore, the site is strategically located in a dense cluster of industrial facilities and retail buildings including Walmart Supercenter, Family Dollar, 7-Eleven, Advance Auto Parts, Amazon Distribution Center, Frito Lay Distribution Center, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The subject property benefits from close proximity to Evans High School (2,497 students) and Rolling Hills Elementary School (663 students), providing a direct consumer base from which to draw from. The 5-mile trade area is supported by a dense population of over 294,000 residents and 221,000 employees, with an average household income of $80,388.

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