Confidentiality Agreement

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Take 5

5403 Okeechobee Rd, Fort Pierce, FL, 34981
For Sale

Property Details

  • Price: $2,452,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.2%
  • Lot Size: 1.07 AC
  • Lease Type: Absolute NNN
  • Year Built: 2023
  • Tenancy: Single Tenant
  • Available SF: 1,437 SF

Property Description

SECURE INCOME STREAM
• New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
• 10% Rent Increases Every 5 Years
• Brand New 2023 Construction, Latest Take 5 Prototype with 3 Service Bays
• Experienced Franchisee and Guarantor, Purple Square Operates Over 235 Locations Across Multiple Industries
• Growing Operator with 13 Locations, Expected to have 23 by 2024
• Rare Guaranty from Purple Square Management Company, LLC with 78 Dunkin’ Locations (Inquire with Broker)
• Take 5 is a Subsidiary of Driven Brands, Inc. (4,700+ Units, $5.3 Billion in Revenue)

PROXIMITY
• Strong Daytime Population of 89,175 within Trade Area
• Excellent Access and Visibility to 34,500 VPD Along Main Retail Corridor
• Just Off I-95 with 82,500 VPD, the Main North-South Interstate on the East Coast
• Minutes to Indian River State College with 15,236 Students and 2,338 Employees
• 78,126 Residents in Primary Trade Area, Population Increased 17% Since 2010
• 2.5 Miles to Lawnwood Regional Medical Center, a 392-Bed Acute Care Hospital, Recent$100M Renovation
• Dense Retail Corridor with Walmart, Home Depot, Chick Fil A, Walgreens, Starbucks, Wawa, Chipotle (upcoming), and Aldi (upcoming)
• Adjacent to Renaissance Business Park, a 360,000 SF Office/Retail Complex
• 4.5 Miles to 1.2 Million SF Walmart Distribution Center with 980 Employees
• Over 600,000 Workforce Population within 1 Hour

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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