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
- Hard Corner at Signalized Intersection with 52,114 VPD
- 157,812 Residents in High-Growth Trade Area, Population Increased Over 30%Since 2010
- Across from Publix Anchored Center and Adjacent to Walmart Neighborhood Market
- $93,601 Average Household Income
- Strong Daytime Population of 124,218 within 5-Mile Radius
- Minutes to Tradition at Port St. Lucie, a 8,200 Acre Master Planned Community with 41,000 Residential Units and 8M SF of Commercial Space
- Surrounded by Several K-12 Schools with 44,577 Combined Students
- Easy Access to I-95 with 83,500 VPD, the Main North/South Artery on the East Coast
- 5 Miles to Legacy Park at Tradition, a 3.2M SF Industrial and Distribution Center Park, Home to Amazon and FedEx
- Port St. Lucie is the 7th Largest City in Florida, 3rd Largest in South Florida
