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DOM: 98 Updated: 01.22.24 Posted: 09.13.23 Status: Sold 12.20.23

Summary

Price $2,800,000 $2,992,000
Built/Renov 1988
Tenant SQRL
Cap Rate 7.21% 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 23,087
Lease Start 07-01-2022
#Units 139
Price/SF $121.28 $129.60
Expiration 07-31-2042
Tenant Type Convenience/Gas
NOI $201,960
R. Term 17.2
Ownership Fee Simple
Rent/SF $8.75
Increases 2.0%/1/yrs
Pop 5Mi 153,598
Lot/AC 0.53
Options 4/5yrs/2%
AHHI 5Mi $72,565

Lease Highlights

  • Tenant has 18+ years remaining on their primary lease with 4 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and during each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Income tax free state

Location Description

SQRL is strategically situated at the highly visible intersection of Clark Road and Sawyer Road, with a combined traffic count of 50,000 vehicles passing by daily. The subject property is conveniently positioned near Suncoast Technical College, which is less than one mile away. Additionally, Florida State University and Everglades University are both within a 2-mile radius. The Medical Center...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: SQRL
  • Guarantor:Corporate
  • Company:SQRL Holdings, LLC
  • # Units:139
  • Stock:Private

About Tenant

SQRL Fuel operates gas stations with coffee-shop-like convenience stores. Their brand focuses on being family friendly and environmentally conscious as well as offering high quality products,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,265 76,494 150,146
2023 Total Population : 7,524 76,663 148,084
2023 Employed Civilian Pop : 3,597 36,735 70,511
2023 Total Businesses : 998 5,228 9,592
2023 Average Household Income : $ 110,463 $ 106,763 $ 116,836
2023 Total Consumer Spending : $ 339 M $ 3350 M $ 6897 M
2023 Median Age : 57 57 56
2023 Total Households : 3,571 36,277 68,512
2023 Pop Age 25+: Bachelor's Degree : 1,688 14,887 30,054
2023 Average Home Value : $ 430,929 $ 445,893 $ 507,335
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Clark Rd Lawton Dr 2005 43,500 0.11 mi
Clark Road Jason Lee Pl 2021 42,000 0.99 mi
South Lockwood Ridge Road Hwy 72 2021 35,500 1.00 mi
Beneva Road Beneva Rd 2021 22,000 1.09 mi
McIntosh Road McIntosh Rd 2021 9,800 1.11 mi
Palmer Ranch Parkway McIntosh Rd 2021 4,900 1.19 mi
Proctor Road N Lockwood Ridge Rd 2021 16,600 1.24 mi
Clark Rd Ashton Way 2005 41,500 1.30 mi
Gulf Gate Drive Glades Way 2021 5,900 1.37 mi
Beneva Road Palmer Ranch Pkw 2021 21,500 1.37 mi

Listing Broker

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