| NEW 10-PUMP SHELL GAS STATION WITH SIGNATURE "GO MARKET" C-STORE IN LEESBURG, FL |
| SITUATED ON A HARD CORNER DIRECTLY OFF OF US-HWY 441, ONE OF THE LARGEST HIGHWAYS IN THE STATE! HIGH TRAFFIC COUNT! |
| NEW 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS! 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE! |
| 7.2% CAP RATE IN PLACE! 8% CAP RATE IN 2030! 9% CAP RATE IN 2035! 9.6% CAP RATE IN 2040! 10.3% CAP RATE IN 2045! |
| RECENT SITE RENOVATIONS INCLUDE NEW HVAC, NEW SECURITY SYSTEM, NEW ROOF, NEW PUMPS, NEW CANOPY, PYLON SIGNAGE, INTERIOR AND EXTERIOR PAINT! |
| STRONG TENANT IN PLACE WITH OVER 36 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS! |
David Rosenthal
Grimaldi Commercial Realty Corp.
