We are happy to announce recent closing of an Express Oil investment in Odessa, Florida. The transaction was an upleg of our client’s 1031 exchange. The goal was to find a long term investment with a strong corporate guaranty on a NNN basis (zero landlord responsibilities) with rental escalations and a strong prospect of value increase in the future. The property is located on a new retail corridor anchored by Publix and neighbored by Wendy’s, Wawa, Burger King, Starbucks, Sprint, Hampton Inn etc. Strong and growing affluent demographics, 20 year lease with 10% escalations every 5 years at a very sustainable rent are all factors that contribute to the strength of the investment. Property was newly developed, making the due diligence process quick and the transaction seamless.

Listing brokers Vince Aicale and Ryan Forsyth continue to be our strong partners in the industry as they bring high quality real estate to market.

Investment Highlights

• 20-year absolute NNN ground lease
• 10% rental escalations every 5 years -hedge against inflation
• Corporate Guaranty from Express Oil which recently merged with Mavis, creating one of the largest automotive service companies in the US with 830+ locations
• Rapidly developing area
• Average household Income in excess of $94,000 within a 3-mile radius
• Visibility from 80,000 ADT on Highway SR 54 and Trinity Blvd
• Anchored by a brand new Publix and neighbored by Wawa, Wendy’s Orange Theory, Hampton Inn, Starbucks, Burger King ABC Wine & Spirits etc.
• Directly across from Starkey Ranch, a 2,500 Acre community planned for over 5,000 planned homes, k-8 school, library, 20 mile trail system, park, business and commercial centers