Eustis, FL - McDonald's

Description:

• The tenant recently signed a brand new 20-year ground lease with 8 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option
• McDonald’s is the world’s leading global foodservice retailer with over 43,000 locations in over 100 countries

• Outparcel to Sorrento Hills Village, a Publix-anchored shopping center that features CVS, Dunkin’, inline shop spaces, and three outparcel pads
• Off a signalized, hard corner intersection averaging a combined 23,900 VPD
• Eustis New Developments:
• Highland Homes - Plans call for 275 homes on about 52 acres — 59 single-family homes on 55-by-120-foot lots and 216 townhomes on lots with a minimum size of 22-by-80 feet and a maximum size of 32-by-120 feet. Plans also include a pool, amenity center and play area and almost 15 acres of open space
• Downtown Re-Development - A comprehensive $100 million downtown redevelopment plan proposed by G3 C2 LLC targets a 3-block area along the former Florida Hospital Waterman site and surrounding terrain
• Phase 1: A $36 million mixed-use building with a 250-space garage (150 public), 60 apartments, and 7,500 ft of retail (construction anticipated 2027–January 2030).
• Second block: 35 townhomes and 13,400 ft of retail (~$9.63 million); slated for 2026–2027.
• Third phase: Approx. $40 million build with up to 70 market-rate apartments, ground-level retail, and 120 parking spaces (2027–early 2029).
• Fourth component: $3 million community center expansion plus an
$9.6 million, 80-room hotel, a 5,000 ft restaurant, and relocation of the Clifford House Museum (2026–2028)