2232 US Highway 27 - Freestanding FOR SALE


Clermont, FL 34714- Four Corners
$4,155,000 USD
813-434-8278
2232 US Highway 27, Clermont, FL for Sale
$4,155,000 USD
Freestanding - FOR SALE
1/10
null | 5% Cap Rate

2232 US Highway 27
Clermont, FL 34714
Four Corners


HIGHLIGHTS

  • 11 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Part of Larger Development |Several New Construction Retailers | Clermont - New Development
  • Demographics & 5-Mile Trade Area | Proximity to Orlando

OVERVIEW

• The tenant has 11 years remaining on a 12-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation • The lease is signed by the corporate entity • Founded in 1997, Heartland Dental is the nation’s largest dental support organization with over 1,800 offices and 3,000 doctors

FOR SALE DETAILS

PRICE

$4,155,000 USD

PRICE/SF

$639 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Orlando MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,592 SF

ZONING

PD

APN/PARCEL ID

23-24-26-0003-000-05500

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.