absolute net lease

Spirit Truck Stop | Lake Panasoffkee, FL

Sands Investment Group is Pleased to Exclusively Offer This Absolute Net Lease (NNN) Investment Located at 293 E County Road 470 in Lake Panasoffkee, Florida.

  • New 15 Year Absolute NNN Lease With 2% Annual Increases and 3 x 5 Year Options
  • Absolute Net Lease (NNN) – Tenant is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance and Common Area Maintenance
  • Tenant is a Multi-Store Operator With Over 10 Years of Experience in Operations and Management in the Truckstop Industry in Addition to 25 Years in the Trucking Industry
  • Tenant is Committed to Investing Between $500,000 to $750,000 in Renovations
  • Strong Inside and Outside Store Sales With Continuous Growth
  • Personal and Corporate Guarantee
  • Property is Located in Sumter County at Exit #321 at the Southeast Quadrant of Interstate 75 and County Road 470 in Lake Panasoffkee, Florida South of Wildwood Exit; the Site is Well Located With Visibility From Interstate 75 and Easy Access to SR 301, Florida Turnpike and Interstate 4
  • In Close Proximity to Lake Panasoffkee RV Park, Countryside RV Park, Lake Panasoffkee Elementary School and Panasoffkee Community Library
  • Population of 55,485 With an Average Household Income of $62,258 Within a 10-Mile Radius
  • Nearby Tenants Include: Hardee’s, Shell, Circle K, Mobil and Tom & Jerry’s Airboat Rides

In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229

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