Log In/Sign Up
Your email has been sent.
Narcoossee Commons 1340-1348 & 1358-1398 S Narcoossee Road Rd 55,396 SF 100% Leased Retail Building Saint Cloud, FL 34771 $37,651,464 CAD ($679.68 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Narcoossee Commons is a 35-unit, six-building, unanchored retail center spread across two separate parcels. The asset is 84.2% occupied
- Of the 30 occupied units, 27 units have leases with annual rent increases ranging from 2-5%, providing increasing NOI as a hedge against inflation
- Approximately 75,000 existing and upcoming residential units within the immediate area
- 29 of the 30 tenants have NNN leases, helping stabilize the cash flow by reducing landlord responsibilities at the property
- The six buildings were newly constructed in 2021 and 2025, reducing the likelihood of large capital expenses in the near future
- St. Cloud City Planning estimates continued expansion to approximately 108,000 residents by 2050
Executive Summary
RIPCO Real Estate is pleased to offer for sale Narcoossee Commons, a ±55,396 SF retail/service based property located on the west side of S Narcoossee Road in St. Cloud,
FL. The property is comprised of six buildings spread across two separate parcels, built in phases between 2021 and 2025. The asset is currently 84.2% occupied by a mix of
professional services, medical, and retail tenants. St. Cloud is experiencing rapid population growth, with an estimated population of approximately 71,000 residents in 2026,
representing a nearly 20% increase since 2020 and an annual growth rate of about 4.6%, far outpacing the national average. This momentum follows a decade of significant
expansion, as the population grew from roughly 35,000 in 2010 to nearly 59,000 by 2020, an increase of more than 67% in just ten years. Looking ahead, city projections
indicate continued strong growth, with the population expected to reach approximately 108,000 by 2050 under current boundaries. This stretch of S Narcoossee Road where
the property is located has an AADT of 38,000. Within 3 miles of Narcoossee Commons, there is a population of 32,760 and an average household income of $114,654.
The asset would be an attractive investment opportunity for investors seeking minimal landlord responsibilities and reduced capital expense exposure due to its recent
construction. This offering is further strengthened by its location on Narcoossee Road, St. Cloud’s primary north-south thoroughfare, and its diverse mix of service, medical,
and destination retail tenants.
FL. The property is comprised of six buildings spread across two separate parcels, built in phases between 2021 and 2025. The asset is currently 84.2% occupied by a mix of
professional services, medical, and retail tenants. St. Cloud is experiencing rapid population growth, with an estimated population of approximately 71,000 residents in 2026,
representing a nearly 20% increase since 2020 and an annual growth rate of about 4.6%, far outpacing the national average. This momentum follows a decade of significant
expansion, as the population grew from roughly 35,000 in 2010 to nearly 59,000 by 2020, an increase of more than 67% in just ten years. Looking ahead, city projections
indicate continued strong growth, with the population expected to reach approximately 108,000 by 2050 under current boundaries. This stretch of S Narcoossee Road where
the property is located has an AADT of 38,000. Within 3 miles of Narcoossee Commons, there is a population of 32,760 and an average household income of $114,654.
The asset would be an attractive investment opportunity for investors seeking minimal landlord responsibilities and reduced capital expense exposure due to its recent
construction. This offering is further strengthened by its location on Narcoossee Road, St. Cloud’s primary north-south thoroughfare, and its diverse mix of service, medical,
and destination retail tenants.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
55,396 SF
Year Built
2021
Price
$37,651,464 CAD
Price Per SF
$679.68 CAD
Cap Rate
6.25%
NOI
$2,353,232 CAD
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-25-31-4910-0098-0010 | Improvements Assessment | $6,511,670 CAD |
| Land Assessment | $1,082,236 CAD | Total Assessment | $7,593,906 CAD |
Property Taxes
Parcel Number
29-25-31-4910-0098-0010
Land Assessment
$1,082,236 CAD
Improvements Assessment
$6,511,670 CAD
Total Assessment
$7,593,906 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Narcoossee Commons | 1340-1348 & 1358-1398 S Narcoossee Road Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.