Property Description
SECURE INCOME STREAM
- New 15-Year Absolute NNN Lease with Strickland Brothers – Corporate lease with zero landlord responsibilities
- New 10-Year Absolute NNN Ground Lease with Scooter’s Coffee – Low occupancy cost with significant tenant investment to build location, providing long-term viability
- Brand New 2024 Construction – Latest prototype designs with drive-thru lanes
- 6.36% Implied Occupancy Cost for Scooter’s Coffee – Scooter’s average unit sales are $1,179,980
- Corporate Guarantee from Strickland Enterprises – Over 250 locations nationwide, projected to have 300+ locations open by end of 2025
- Oil Change Facilities Can Qualify for 100% Accelerated Bonus Depreciation for 2025 – Consult with CPA
PROXIMITY
- Excellent Access and Visibility to 59,000 VPD Along Highway 27 – The main retail thoroughfare in Davenport and close to I-4 with 83,354 VPD
- 82,261 Residents in Primary Trade Area – Average household income of $92,475
- Minutes to Posner Village – A $500M mixed-use retail and residential development, with over 5.6M visitors annually
- Davenport’s Population Has Grown 278% Since 2010 – 2,600 new construction or planned units within trade area
- 11 Miles to Walt Disney World – 2.58M annual visitors and over 75,000 employees
- Part of Orlando MSA – The fourth largest city in Florida, ranked first in the nation for job growth for four consecutive years
