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16720 Macon st
Clermont, FL 34714

$4,729,000 USD

Restaurant For Sale  •  3,761 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,761 SF
  • Lot Size 82.23 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.35 %
  • Tenancy Single
  • Zoning RS
0 Transit Score
63 Walk Score

Highlights

Rare opportunity to own a 15-Year corporately guaranteed First Watch Café in tax-free state
Clermont's population has nearly doubled in the last decade with thousands of new homes currently under construction
NNN lease, new construction, and transferable roof warranty provide passive ownership and stable cash flow
First Watch operates 540+ locations in 29 states and is publicly traded (NASDAQ: FWRG)
Fee simple ownership allows for depreciation of the building boosting after tax returns
Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
Cap Rate: 5.35 %

Major Tenants

Tenant SF Occupied Lease End Date
First Watch Cafe

Public Transportation

AirportDriveWalkDistance
Orlando International 42 min - 28.9 mi
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners