Long-Term Stability – Jimmy John’S Will Be Executing a Brand-New 10-Year Lease, Underscoring Their Long-Term Commitment to the Location. Additionally, the Hair Salon Will Be Signing a New 5-Year Lease, Further Enhancing Income Stability.
Long Term Operations – Jimmy John’S Has Been Operating at This Location Since 2015, Demonstrating Strong Historical Performance and Long-Standing Customer Demand.
Scheduled Rent Increases – Both Leases Include 2% Annual Rental Increases, With Additional Increases at Each Renewal Option, Providing Built-IN Income Growth and a Reliable Hedge Against Inflation.
True Passive Income – Both Tenants Operate Under Nnn Leases, With Taxes, Insurance, and Cam Fully Passed Through to the Tenants, Offering a Hands-Off, Management-Free Investment.
Location Highlights
Strong Retail Synergy – Neighboring Top National Brands Like Chick-Fil-a, Dairy Queen, Mcdonald’S, Zaxby’S, Lowe’S, and More, Reinforcing the Area’S High Demand.
Strategic Location – Situated on State Rd 70 (±60,500 Vpd), Just ±0.7 Miles From Manatee Technical College and Braden River High School, Providing a Steady Flow of Customers.
Affluent Area – The Area Has an Average Household Income of Approximately $108,887 Within a 3-Mile Radius, Indicating a Strong Consumer Base With Disposable Income.
High Visibility and Accessibility – The Property Features ±170 Feet of Frontage Along The Heavily Traveled State Road 70 and Benefits From a Convenient Frontage Road, Providing Direct Access From The Signalized Intersection, Creekwood Blvd & SR-70.
End Cap Drive-Thru – Highly Desirable Drive-Thru End Cap Enhances Customer Convenience and Supports Strong Tenant Performance, Driving Long-Term Investment Value.