™ 1260 E Lake Road South | Tarpon Springs, FL 34688 OFFERING MEMORANDUM LISTED BY Christopher Laskero Senior Associate Direct +1 214 692 2921 Mobile +1 858 414 7849
[email protected] License No. 677086 (TX) Braden Crockett Vice President & Director Direct +1 214 692 2040 Mobile +1 714 345 6206
[email protected] License No. 01946071 (CA) Broker of Record Kyle Matthews License No. CQ1052263 (FL) Actual Site Photo TABLE OF CONTENTS 4 EXECUTIVE OVERVIEW 6 FINANCIAL OVERVIEW 8 TENANT OVERVIEW 12 AREA OVERVIEW 1260 E Lake Rd S | Tarpon Springs, FL OFFERING MEMORANDUM EXECUTIVE OVERVIEW INVESTMENT HIGHLIGHTS PROPERTY • Attractive Long Term Lease – Newly constructed 10-Year Term with Four (4), Five (5) Year Options • NNN Lease – Tenant is responsible for Taxes, Insurance, Roof, Parking Lot, and HVAC Systems, making this an ideal 1031 property for investors seeking a passive investment • Growing Cash Flow – Strong 10% rental increases throughout the base term of the leases; including options • Long-Term Operating History – Tenant has been operating at this location since the initial lease commenced dating back to the early 2,000’s • Efficient 8-Bay Store Footprint – Allows a tenant to maximize capacity while minimizing fixed costs RETAIL TRADE AREA • Healthy Traffic Counts – Property is ideally positioned along East Lake Rd. that sees over ±54,000 VPD • Strategically Located – Property is directly adjacent to East Lake High School allowing Tire Kingdom to develop rapport within the local community • Robust Demographics – Average