5545 Clarcona Ocoee Rd, Orlando, FL 32810
6,815 SF | Retail Building | Orlando, FL 32810 | $1,192,000 ($175/SF) | 4% Cap Rate
For Sale
Active
Asking Price $1,192,000
- Property Type
-
Retail
- Square Feet
- 6,815 SF
- Price / Square Foot
- $175
Listing Contacts
Jack Hopkins
Jake Hopkins
Property Overview
This AutoZone has a prime location in Orlando, Florida with over 90,000+ people in 3 miles. Located on Clarcona Ocoee Rd (29,500 VPD) and N Pine Hills Rd (34,000 VPD) the site benefits from tremendous visibility and multiple points of access. AutoZone conveniently shares their main entrance with Walmart Neighborhood Market which further increases exposure and store traffic.
The store was built in 2017 and was given a premium buildout and design which AutoZone selects for markets with high sales projections. The building is 6,815 square feet and is located on a large 1.85-acre parcel. The Absolute NNN ground lease has over 7 years remaining on the firm term with 4x5 year options. There are attractive 11% increases every 5 years throughout the primary term and options with the next one occurring on 2/1/27. The ground lease provides for zero landlord responsibilities creating a truly passive investment.
Their current rent is substantially below market providing significant future upside. The building can be expanded in the future to accommodate a 10,000+ sf building. Almost half of the grass lot in front of the property can have additional parking added, providing flexibility for future growth and development.
The store was built in 2017 and was given a premium buildout and design which AutoZone selects for markets with high sales projections. The building is 6,815 square feet and is located on a large 1.85-acre parcel. The Absolute NNN ground lease has over 7 years remaining on the firm term with 4x5 year options. There are attractive 11% increases every 5 years throughout the primary term and options with the next one occurring on 2/1/27. The ground lease provides for zero landlord responsibilities creating a truly passive investment.
Their current rent is substantially below market providing significant future upside. The building can be expanded in the future to accommodate a 10,000+ sf building. Almost half of the grass lot in front of the property can have additional parking added, providing flexibility for future growth and development.
Property Details
- Class
- B
- Year Built
- 2017
- Stories
- 1
- Lot Size (sq. ft)
- 80,586 SF
Highlights
- BELOW MARKET RENT | CORPORATE GROUND LEASE AutoZone’s Rent is only $47,730 or $7.00/SF. Corporate Guaranty with AutoZone, Inc., ensuring stability.
- RARE PREMIUM CONSTRUCTION AUTOZONE | AutoZone chooses this premium store buildout in prime locations that have high sales projections.
- LONG TERM LEASE | AutoZone’s Lease runs another 7+ years through 1/31/32 with 4x5 Yr Options.
- ATTRACTIVE INCREASES | Eleven Percent Increases Every Five Years. AutoZone has an absolute NNN Ground Lease with zero landlord responsibilities.
- STRONG ACCESSIBILITY AND VISIBILTY | 29,500 VPD Along Clarcona Ocoee Rd, 34,000 VPD on N Pine Hills Rd. Situated 2 miles off Orlando SR-414 (70k+ VPD)
- WALMART OUTPAD | Directly adjacent to Walmart Neighborhood Market sharing the same main access.
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