2711-2721 Irlo Bronson Memorial Hwy, Kissimmee, FL 34744
5,860 SF | 100% Leased | Retail Building | Kissimmee, FL 34744 | $3,912,000 ($668/SF) | 5.50% Cap Rate
For Sale
Active
Asking Price $3,912,000
- Property Type
-
Retail
- Square Feet
- 5,860 SF
- Price / Square Foot
- $668
Listing Contacts
Patrick Luther
Matthew Mousavi
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, 2-tenant investment property located in Kissimmee, Florida. The 2-tenant, Deca Dental Management, LLC and Mattress Firm, Inc., recently signed brand new 10-year NNN leases with 2 (5-year) options to extend, demonstrating their commitment to the site. Both leases feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The newly-constructed building features a state-of-the-art design with high-quality materials. Deca Dental is expected to open soon and is currently paying rent.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront, Medical
- Lot Size (sq. ft)
- 32,670 SF
Highlights
- 100% Occupied, 2-Tenant Offering | Brand New 10-Year Leases | Scheduled Rental Increases | Options to Extend | Brand New Construction | NNN Leases
- Outparcel to 190,000 SF Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence | Orlando Health St. Cloud Hospital (84 Beds
- Ideally Situated Along State Hwy 192 & 441 (48,000 VPD) | Florida Turnpike (43,100 VPD) | Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area | Orlando MSA
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