Long-term Ground Lease The lease has the full 10 years of base term remaining and offers 10.0% rental increases every 5 years starting at year 6.
Dense Retail Trade Area This brand new building is situated as an outparcel to Target and is surrounded by other national retailers such as The Home Depot, Walmart, EOS Fitness, Panda Express, Firestone, Wawa, CVS, and many more.
Exceptional Area Demographics The property is surrounded by nearly 100k people within 3 miles and over 200k people within 5 miles of the site.
Outparcel to Exceptional Target Location This property is an outparcel to one of the top 5 performing Target locations in the state of Florida (96th percentile).
Corporate Guarantee from National Credit Tenant The Tenant is Cheddar’s Casual Café, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., which carries a BBB/Baa2 stable outlook from S&P and Moody’s respectively.
Heavily Trafficked Trade Area The new restaurant is located off Bloomingdale Ave (44,777 VPD) and a has easy access from U.S. 301 (75,500 VPD) and I-75 (143,500 VPD).
Great Accessibility The property offers three access points, including a dedicated turn lane from Bloomington Ave, that allows customers to easily turn into the site.