2400 K St - Retail FOR SALE


Kissimmee, FL 34741
$10,000,000 USD
480-221-4221
2400 K St, Kissimmee, FL for Sale
$10,000,000 USD
Retail - FOR SALE
1/10
null | 5.7% Cap Rate

2400 K St
Kissimmee, FL 34741


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Signed Ground Lease | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • The Loop Kissimmee (324,000 SF) | Brand New Building |The Crosslands (442,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate signed, Floor & Decor investment property located in Kissimmee, Florida (Orlando MSA). The tenant, Floor and Decor Outlets of America, Inc., recently signed a brand new 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The site is set for an August 2023 grand opening. The lease features 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 lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Floor & Decor | New 15yr Corp Abs NNN w/ Incr

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

233

LAND DETAILS

LAND ACRES

55.54 AC

LAND SF

2,419,235 SF

ZONING

C

APN/PARCEL ID

05-25-29-2119-0001-0160

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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