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Mattress Firm & Deca Dental | NNN | New Const 2711-2721 Irlo Bronson Memorial 5,860 SF 100% Leased Retail Building Kissimmee, FL 34744 $5,460,839 CAD ($931.88 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, 2-Tenant Offering | Brand New 10-Year Leases | Scheduled Rental Increases | Options to Extend | Brand New Construction | NNN Leases
- Ideally Situated Along State Hwy 192 & 441 (48,000 VPD) | Florida Turnpike (43,100 VPD) | Excellent Visibility & Access
- Outparcel to 190,000 SF Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence | Orlando Health St. Cloud Hospital (84 Beds
- Strong Demographics in 5-Mile Trade Area | Orlando MSA
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,860 SF
Year Built
2023
Price
$5,460,839 CAD
Price Per SF
$931.88 CAD
Cap Rate
5.50%
NOI
$300,313 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
B-3 - General Commercial
AMENITIES
- Freeway Visibility
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Deca Dental Management
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Mattress Firm
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Deca Dental Management | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - | |
| Mattress Firm | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
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Mattress Firm & Deca Dental | NNN | New Const | 2711-2721 Irlo Bronson Memorial
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