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
- 89,451 Residents in Primary Trade Area with $117,671 Average Household Income
- Population Has Increased 37% Since 2010 in 5-Mile Radius
- Excellent Access and Visibility to 57,000 VPD Along Main Retail
- Across from Lexington Oaks, a 1,500 Home Upscale Golf and Residential Community
- 500+ Luxury Apartment Units Recently Built or Under Construction
- Just Off I-75 with 97,733 VPD, Direct Access to Tampa (20 Miles)
- ½ Mile to Grove at Wesley Chapel, a 600k SF Power Center Anchored by Dick’s, Best Buy, Ross and TJ Maxx
- Minutes to BayCare Hospital, a Brand New 318k SF Facility with 86-Beds
- Surrounded by Over 12,000 Residential Units in Development
- Pasco County is the 38th Fastest Growing County in the U.S.
- Homebuilder D.R. Horton Planning 994 Homes for Westgate at Avalon Park
- 7 Miles to Connected City, the First Smart Gigabit Community in the US, Projected to Include 37,000 Homes
