Narcoossee Commons 1340-1348 & 1358-1398 S Narcoossee Road Rd 55 396 pi² 100% Loué Commerce de détail Immeuble Saint Cloud, FL 34771 37 651 464 $ CAD (679,68 $ CAD/pi²) 6,25% Taux de capitalisation

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.