Swig Drive-Thru

Brand-New Lowe’s Outparcel: Outparcel to a brand-new Lowe’s Home Improvement that opened in Q4 2024.
Affluent Demographics: Average household incomes of $138,500 across 25,819 households within a 5-mile radius.
Strong Population Growth: Approximately 28,713 residents within a 3-mile radius (forecasted growth of 15.1% by 2030) and 67,776 residents within a 5-mile radius (forecasted growth of 11.4% by 2030).
Affluent Tampa Submarket: Odessa is an affluent Tampa-area community located approximately 25 minutes.
High Traffic Exposure: The subject property is estimated to receive exposure to approximately 77,000 vehicles per day (VPD) at the intersection of State Highway 54 and Gunn Highway.
Downside Protection: Fundamental Value w Downside Protection | Contractual Rent over Base Term + Land Value + Building value exceed listing price of $1.250M.
Attractive Returns: Avg. Return of 6.62% during Base Term, and 7.33% when factoring in option period.
Long-Term Ground Lease: 15-Year Fee-Simple Ground Lease.
Absolute NNN Lease: Absolute NNN Lease = Zero Landlord Responsibility.
Scheduled Rent Increases: 10% rent increases every 5 years in Base Term and Options Periods.
Renewal Options: Two, 5-year options each with 10% rent increases.

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