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First Watch | 15-Yr Lease | 5.35% CAP 16720 Macon st

3,761 SF Retail Building Clermont, FL 34714 £3,704,226 (£985/SF) 5.35% Net Initial Yield

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Investment Highlights

Rare opportunity to own a 15-Year corporately guaranteed First Watch Café in tax-free state
NNN lease, new construction, and transferable roof warranty provide passive ownership and stable cash flow
Fee simple ownership allows for depreciation of the building boosting after tax returns

Clermont's population has nearly doubled in the last decade with thousands of new homes currently under construction
First Watch operates 540+ locations in 29 states and is publicly traded (NASDAQ: FWRG)
Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth

Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed First Watch Cafe featuring a 15 year NNN Lease with 10% rental increases every 5 years. First Watch opened for business November 18, 2024.