Investment Highlights

NEW 10-YEAR NET LEASE WITH SCHEDULED RENTAL INCREASES
» Leased to Heartland Dental for ten years plus three five-year options
» 10% fixed rental increases every five years in initial term and extension terms, providing a hedge against inflation

HIGH-TRAFFIC LOCATION ON MAJOR COMMERCIAL THOROUGHFARE
» Located at signalized hard corner, with excellent visibility and access to 28,889 vehicles per day
» Avalon Park Boulevard is the main route through Avalon Park
» Within walking distance of Walmart Neighborhood Market, McDonald’s, Great Clips, Chase Bank, 7-Eleven, Taco Bell, Pep Boys, Burger King, and more
» Close proximity to several schools, including Timber Creek High School (3,500 students) and East River High School (2,033 students)
» Excellent location in Avalon Park, a 1,860-acre walkable community with approximately 3,400 single-family units, 1,431 multi-family units, and more than half a million square feet of commercial space

STRONG CUSTOMER BASE IN RAPIDLY GROWING COMMUNITY
» 135,553 residents live within a five-mile radius of the property
» Between 2010 and 2018, the population grew by approximately 14% within five miles of the property and more than 18% within one mile
» Current projections predict that the population within one-, three-, and five-mile radii will increase approximately 10% between 2018 and 2023
» Affluent demographics, with a high average household income of $93,098 within one mile of the property

NEW 2018 CONSTRUCTION
» High-quality construction expected to be completed in Q4 2018
» Features dedicated drive-thru, providing additional customer convenience and boosting sales revenue

Property Description

SOLD
The property is strategically located at the signalized hard corner of Avalon Park Boulevard and Golden Isle Drive, with excellent visibility and access to over 28,889 vehicles per day. Avalon Park Boulevard is the main route through Avalon Park, a 1,860-acre walkable community with approximately 3,400 single-family units, 1,431 multi-family units, and more than half a million square feet of commercial space. The property is within walking distance of Town Center at Timber Springs—a shopping plaza anchored by Walmart Neighborhood Market and featuring well-known tenants like McDonald’s, Great Clips, and Chase Bank—as well as 7-Eleven, Taco Bell, Pep Boys, Burger King, and more. Other notable retailers near the property include Publix and CVS, located in Avalon Park’s town center, as well as Target, Home Depot, Regal Cinemas, and Lowe’s, which are located in several large shopping centers just a few minutes from the property.

The property is centrally located within a rapidly growing area and benefits from a strong customer base. A number of schools are located near the property, including Timber Creek High School (3,500 students) and East River High School (2,033 students). Additionally, the property is surrounded by residential neighborhoods, and future residential development is planned nearby. Currently, 135,553 residents live within a five-mile radius of the property. Between 2010 and 2018, the population grew by approximately 14% within five miles of the property and more than 18% within one mile. Current projections predict that the population within one-, three-, and five-mile radii will increase approximately 10% between 2018 and 2023, providing a large customer base. Additionally, the surrounding community has affluent demographics, with a high average household income of $93,098 within one mile of the property.