Kissimmee, FL - First Watch

, Kissimmee, FL 34759

The tenant signed a brand new 15-year lease with 4 (5-year) options to extend Tenant recently commenced the lease and started operating. The lease features 10% increases every 5 years throughout the initial term and at the beginning of each option period. First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 600 locations across 32 states. Strategically located near the signalized intersection of Cypress Pkwy. and Marigold Ave. Benefits from exceptional visibility and access with ~67,500 vehicles passing daily. Positioned as an outparcel to Poinciana Lakes Plaza, a newly developed regional shopping center. Subject center is the largest shopping center development in Florida, and part of Costars 2024 commercial development of the year. Plaza is anchored by high-performing national retailers including Sprouts, Ross Dress for Less, Burlington, T.J. Maxx, Crunch Fitness, and others. Within its first year of operation, the Plaza is already attracting 2.6 million visitors, with an average dwell time of 57 minutes. (Source: Placer.ai)

Contact

Broker or Owner Contact
Jeff Gates
SRS Real Estate Partners
,
Phone: 4152315231
jeff.gates@srsre.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID aa7b8d7d-36da-4359-91f0-3348331ecae9
Building Size 4200
Site Size (acres)
Zoning
Year Built
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 4897000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.1449458
Longitude -81.4708871
County Osceola County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider