Investment Highlights
- Brand New, 20-Year, Triple Net (NNN) Lease with Four, Five-Year Tenant Renewal Options
- Total Renovation, Now Open with Lease Commencement Upon Close of Escrow
- 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Property Includes a Drive-Thru Lane and Outdoor Seating
- Luihn Vantedge Partners, LLC Is an Experienced Franchisee Who Owns and Operates Over 200 Restaurants Spanning Over Five States With More Than 4,500 Employees
- Located on US Highway 27 With a Daily Traffic Count of 21,500 Vehicles, and Connecting Travelers North to Lakeland and Orlando
- One Half Mile from South Florida State College Lake Placid Campus, a Four-Campus College Serving a Student Body of Over 2,500 With More Than 400 Faculty and Staff Members
- Surrounding National Brands Include Publix Supermarket, Winn-Dixie Grocery Store, Badcock Home Furniture, Tractor Supply Company, Bealls Outlet, Save-A-Lot, Boater’s World, Anytime Fitness, Beef ‘O’ Brady’s, Wendy’s, McDonald’s, Dunkin’, Burger King, Papa John’s Pizza, Subway, Advance Auto Parts, O’Reilly Auto Parts, Family Dollar, Dollar Tree, Dollar General, CVS, Walgreens, T-Mobile, Boost Mobile, H&R Block, PNC Bank, TD Bank, Bank of America, Wawa, Raceway, Holiday Inn Express and Many More
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a new Taco Bell in Lake Placid, FL. This lease offers a brand new, 20-year, triple net (NNN) lease with four, five-year tenant renewal options. Lease commencement is upon the Close of Escrow (COE) with lease expiration 20 years from COE. There are four, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This location is now open and includes a drive-thru lane and outdoor seating.
Luihn VantEdge Partners, LLC is an experienced franchisee who owns and operates over 200 restaurants spanning over five states with more than 4,500 employees.
Situated on US Highway 27 with a daily traffic count of 21,500 vehicles, the property serves as a key point connecting travelers north to Lakeland and Orlando. It is located one half mile from the South Florida State College Lake Placid Campus, a four-campus institution with a student body exceeding 2,500 and a faculty and staff complement exceeding 400. Two miles away lies AdventHealth Lake Placid, a 50-bed community hospital offering services such as an ER, ICU, Medical Surgical Unit, and Wellness Center, with a substantial workforce comprising over 125 providers and more than 1,600 staff members.
Surrounding national brands Include Publix Supermarket, Winn-Dixie Grocery Store, Badcock Home Furniture, Tractor Supply Company, Bealls Outlet, Save-A-Lot, Boater’s World, Anytime Fitness, Beef ‘O’ Brady’s, Wendy’s, McDonald’s, Dunkin’, Burger King, Papa John’s Pizza, Subway, Advance Auto Parts, O’Reilly Auto Parts, Family Dollar, Dollar Tree, Dollar General, CVS, Walgreens, T-Mobile, Boost Mobile, H&R Block, PNC Bank, TD Bank, Bank of America, Wawa, Raceway, Holiday Inn Express and many more.
