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INDICATIVE BIDS DUNKIN DONUTS & SUBWAYS, OCALA, FL
BIDS DUE APRIL 20TH 2018
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Investment Highlights
- NN 2 Credit Tenants Dunkin Donuts & Subways
- Dunkin Donuts Lease is with Franchisee guarantee, If any rent default Corporate takes over.
- Priced @ 5.50% Cap Rate
- Strong Visibility on Main Road
- High Demand Area for both Tenants
- 1st Time Opportunity in Market
- Florida is State Tax Free
- Due April 20th 2018
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3600-3622 W. SILVER SPRINGS BLVD
OCALA, FL 34475
SVN FL is proud to present exclusively to market an NN Investment Opportunity with 2 Credit Tenant Building. Leased to both same Tenants since 2007, Dunkin Donuts & Subway's Sandwiches. Dunkin Donuts is a newly executed Lease with percentage rent. Initial term is 5 years with 2-5 Years Option. Store has been a strong performer with increased rent and percentage rent over base rent. Subways Initial leased since 2007 has 3 -5 Years Option Remaining, New lease option exercised rent effective December 1st 2017 expiring Nov 30th 2022. Subways Franchisee has over 118 Units currently open in the tri county area. With several being remodeled or under construction. There are 357 total in the area. Dunkin Donuts Franchisee has combined 80 Units
CAM Collections: CAM & Real Estate Tax Collections:
2015 $23,337.60
2016 $23,337.60
2017 $28,283.16
NOI + CAM & Building Deprecation
SUMMARY
PRICE: $2,105,000
CAP RATE: 5.5%
BUILDING SIZE 3,596 SF
LOT SIZE 0.87 Acres
YEAR BUILT: 2007
ZONING: Commercial
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