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4920 Belle Terre PkwyPalm Coast, FL 32137
SQRL | Palm Coast, FL | 7.50% Cap
Asset ClassRetail
Cap Rate7.5%
Lease-Term Remaining: 19 YearsAccess Data Room
SQRL | Palm Coast, FL | 7.50% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of SQRL | Palm Coast, FL. The Premises is leased to SQRL for a 20 year initial term. The Asset is well positioned on a major retail and commuter corridor in Palm Coast, FL surrounded by housing developments and shares cross access to a top performing Publix.

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Investment Highlights

Attractive Lease Fundamentals

  • 20 year Abs. NNN lease provides next owner with zero landlord responsibilities
  • 2.5% annual rental increases in primary term and option periods
  • Four (4) - five (5) year options

Fast Growing Brand

  • SQRL currently has nearly 350 locations through 14 states
  • SQRL recently broke into the top 25 gas station and convenience store chain

Strong Surrounding Demographics in High-Growth MSA

  • More than 85K people live in a 5-mile radius
  • AHHI is nearly $100K in a 5-mile radius
  • 35K households in a 5-mile radius

Located in a Major Retail Hub

  • Approximately 1.5MSF of retail space is located in a 1-mile radius, boasting less than 1.0% vacancy rate
  • Outparcel to a top performing Publix (939.2K visits in TTM)
  • Other nearby retailers include: Texas Roadhouse, Dunkin’, Ollie’s Bargain Outlet, PNC Bank, and Kohls

Well Positioned on High Trafficked Road

  • Subject site is located at a signalized intersection of Belle Terre Pkwy (21.5K VPD) and Palm Coast Pkwy SW (10,500 VPD)
  • Two points of ingress and egress, and cross access to Publix Super Market

Close Proximity to New Hospital

  • Approximately 0.6 miles to AdventHealth Palm Coast Pkwy Hospital, a$167M - 153K SF hospital with over 100 private hospital beds
  • AdventHealth employs 500 full time employees.
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4920 Belle Terre PkwyPalm Coast, FL 32137
Out Parcel to a Top Performing Publix

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Listing provided by Revere CRE