Two unit retail center with credit tenants and long term leases in place. Excellent visibility and signage located at a traffic light.
One tenant is Driven Lubes/Take 5 (Meineke, Maaco, Havoline, and the list goes on), and website is (http://www.drivenbrands.com/). They are the largest automotive service company in the U.S. They have over 2,000 centers and growing. Lease doesn't expire until 2032 (almost 16 years left) and accounts for nearly 80% of the rent. Tenant reimburses property taxes and insurance.
The other tenant is Metro PCS, which is franchise driven and this operator is the largest in the area, with 18 locations in Florida. This is a newer 5 year, gross lease.
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