2711-2721 Irlo Bronson Memorial - Freestanding FOR SALE


Kissimmee, FL 34744
$3,912,000 USD
480-221-4221
2711-2721 Irlo Bronson Memorial, Kissimmee, FL for Sale
$3,912,000 USD
Freestanding - FOR SALE
1/8
null | 5.5% Cap Rate

2711-2721 Irlo Bronson Memorial
Kissimmee, FL 34744


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

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.

FOR SALE DETAILS

PRICE

$3,912,000 USD

PRICE/SF

$668 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mattress Firm & Deca Dental | NNN | New Const

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

B-3

APN/PARCEL ID

32-25-30-4990-0001-03R0

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.