DAYBREAK MARKET – PARRISH, FL

Parrish, FL

Price $ 11,784,000
Cap Rate 6.00 %
TYPE Single-Tenant
STATUS Available
Tenant S&P BBB+ Investment Grade Tenant
LEASE TYPE Absolute NNN
SQUARE FEET 12,672
YEAR BUILT 2024
LEASE EXP. 10/31/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Daybreak has a Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years – the Tenant is responsible for all expenses. The Tenant, S&P BBB+ Investment Credit Rated & Moody’s Baa1 Rated Tenant owns & operates the largest refinery in the United States! It Currently qualifies for Bonus Depreciation allowing Landlord to accelerate 60% of the building, cost of canopies, fuel tanks/pumps, equipment, etc. in the first year!

The Asset is currently under construction on a large ±2.0 -acre lot including 12 fuel pumps (24 fueling stations) with excellent visibility/access on US-301 with traffic counts of 24,330 CPD! Major retailers within 5-mile vicinity include Lowe’s, At Home, HomeGoods, Marshalls, T.J. Maxx, Bealls, Five Below, Ulta Beauty, Pet Supplies Plus, ALDI, Publix Super Market, Ace Hardware, Dollar General, Dollar Tree, CVS, Walgreens, Goodwill, Crunch Fitness; 5 miles from Ellenton Premium Outlets with key tenants such as Nike, Puma, Reebok, Columbia, Banana Republic, Gap, Brooks Brothers, Lucky Brand, Levi’s, J. Crew, Calvin Klein, and Tommy Hilfiger. Daybreak is 15 miles from the State College of Florida Manatee- Sarasota – a public college (with a main campus in Bradenton) with ±11,400 students in all 3 campuses & online; 10 miles from Manatee Memorial Hospital – a 319-bed hospital offering advanced services such as Level II Neonatal ICU, cardiac care/ cardiovascular medicine, emergency care, orthopedic services, oncology and much more; it has served the citizens of Manatee, Saratoga & surrounding counties for 65 years.

BROKER OF RECORD
Brian Brockman
Bang Realty-Naples, Inc.
LIC # BK3327646

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • Currently qualifies for Bonus Depreciation allowing Landlord to accelerate 60% of the building, cost of canopies, fuel tanks/pumps, equipment, etc. in the first year!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 72,191 | Average Household Income (1-MI): $122,588
  • S&P BBB+ Investment Credit Rated & Moody’s Baa1 Rated Tenant owns & operates the largest refinery in the United States! ***Ask Broker for Details***
  • This fee simple (land & building) ownership asset is currently under construction on a large ±2.0-acre lot including 12 fuel pumps (24 fueling stations) with excellent visibility/access on US-301 with traffic counts of 24,330 CPD!