STNL.com is pleased to present this 100% fee simple single-tenant EOS Fitness in Casselberry, FL which is part of the Orlando MSA. This 43,033/SF triple net property is conveniently situated amongst a plethora of economic anchors perhaps most notably being the property’s proximity to a major arterial thoroughfare that sees 121,000 VPD traveling within 0.3 miles of EOS Fitness. This intersection of US 17-92 and State Rd. 436 has led to many leading national retailers to take notice of its busy traffic counts. Just within 0.5 miles of the subject property you’ll find Floor & Décor, Lowe’s Home Improvement & a future BJ’s Wholesale Club. These retailers and EOS Fitness will be able to capitalize upon the desirable affluent consumer that resides in this area as just within 3 miles of the property, not only will you find over 5,600 apartment units but the average household income exceeds $96,000.00
The initial term on this single tenant offering is 15 years in length and runs through April of 2039. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. Through the balance of the lease the owner will enjoy a 7.18% blended CAP. This property can be acquired for $12,300,000.