Investment Opportunity - Ford Garage Sanford, FL
Brand-new absolute NNN lease with 17+ years firm term and 10% rent increases every 5 years, offering zero landlord responsibilities and fully passive returns.
Built-In Revenue Upside: Lease includes 6% percentage rent on gross sales above $6.6M, creating additional income potential aligned with Ford’s Garage’s strong sales performance.
Leased to rapidly expanding Ford’s Garage, supported by nearby luxury multifamily communities (672 units, 85%+ leased), ensuring consistent foot traffic and demand.
Positioned in a dominant retail corridor with 1.5M+ SF of national retailers including Walmart, Target, Starbucks, Best Buy, and Chick-fil-A.
Two-way access with 25,500+ VPD on Rinehart Rd and quick connectivity to SR-417 (44,600+ VPD), maximizing exposure and customer flow.
Booming Growth Market: Located in Sanford, a submarket with 4.5% YoY rent growth and a 10-year average of nearly 5%/yr.
Location
1415 Rinehart Rd, Sanford, FL
More Details - Portfolio
NOI:
Cap Rate:
Total Sf
Lot Size:
Year Built:
Guarantor:
Term:
Renewal Options:
Rent Increases:
Lease Type:
$390,206 ($39.94/sf)
5.75%
9,772 sf (conditional 7,192 sf / non conditional 2,580 SF
2.30 Acres
2025
23 Restaurant Holdings, LLC | Ford’s Garage USA (30+ Locations)
5/1/2023 - 4/30/2043
2; 5-Year options
10.00% Every 5 Years
NNN
