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 100,996 within 5-Mile Radius
• $115,125 Average Household Income
• Excellent Access and Visibility to 35,500 VPD, Gateway to Indian Harbour Beach and Beachside Communities
• 90,299 Residents in Growing Primary Trade Area
• Part of Palm Bay-Melbourne-Titusville MSA with 616,628 Residents
• Adjacent to Publix and Ross Anchored Centers
• Minutes to Health First’s Holmes Regional Medical Center with 550 Beds
• Dense Retail Corridor with Walmart, Lowe’s, Winn-Dixie, Starbucks, McDonald’s, AutoZone, Advance Auto Parts and Texas Roadhouse
• 5 Miles to Melbourne Orlando International Airport, 137.6 Million Visitors to Florida in 2022
