CAP RATE: 5.00%
TOTAL BUILDING SIZE: 3,683 Sq Ft
YEAR BUILT: 2016
LOT SIZE: +/- 0.90 Acres
- Brand New 15-Year Sale Leaseback
At the close of escrow, a brand new 15-year lease will be signed. In addition to the long-term lease, the lease will include 2% annual increases to hedge against inflation and grow your return. There will be zero landlord responsibilities, as this is an absolute-net lease.
- Lease is Guaranteed by Omnipotent Brands, LLC
Omnipotent Brands, LLC is a growing restaurant franchisee in the southeast, with seven Zaxby’s locations currently under operation in Florida. Omnipotent is led by a team with a combined 80 plus years of experience with Zaxby’s in various leadership roles. Zaxby’s currently has 900 plus locations in 17 plus states and was recently involved in an acquisition with Goldman Sachs at the end of 2020, evaluating the brand at over $2 billion.
- Extremely Successful Location
The underlying asset was constructed in 2016 for Zaxby’s and has enjoyed tremendous sales since inception. Current rent is set to reflect a healthy 7% rent to sales ratio. This location benefits from seeing 40,000 plus vehicles per day, with direct visibility off State Road 50, situated on a large .90 acre parcel.
- Top Growth Market – Orlando MSA
This property is conveniently situated 22 miles west of downtown Orlando and 22 miles northwest of Disney World. In 2021, Clermont, Florida ranked number nine in the country in U-Haul’s list of Top 25 growth cities. Orlando is home to 2.6 million people and expects to grow by 218,000 people over the next five years. Lastly, Florida is one of nine states benefiting from being an income tax-free state.