Miller's Ale House 5851 State Rte 100

Investment Highlights

New 2024 construction Absolute NNN lease ? No landlord management obligations Located in the high growth Palm Coast market with above average household incomes Corporately guaranteed, long-term 15-year lease Rare 2% annual rent increases starting year 2 throughout initial term and renewal options NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/Growth State in the U.S.

Executive Summary

CBRE is pleased to present this newly developed 15-year corporate Miller?s Ale House located at the entrance to Cornerstone at Seminole Woods ? a new 31 acre retail center anchored by BJ?s Wholesale Club on State Highway 100 just off Interstate 95 in the high growth Florida market of Palm Coast. Chase Bank, Longhorn Steakhouse and Chick-fil-A will also have a presence at this new retail center joining the other well-known retailers along this corridor such as Panera, Chipotle, Wawa, Aldi, Tractor Supply Company, Walgreens, Olive Garden, Super Target, Panda Express, Ross, TJ Maxx and Starbucks.According to the US Census Bureau?s estimate, Palm Coast is the fifth fastest growing city in the state of Florida which has been the fastest growing state in the country in recent years.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    7,202
• Year Built    2024
• Construction Status    Under Construction
• Price    6,364,000
• Price Per SF    884
• Cap Rate    5.50
• NOI    350,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    1.53 AC