3,200 SF | 100% Leased | Retail Building | Orlando, FL | $3,569,000 (1,115/SF) | 6% Cap Rate
SECURE INVESTMENT: Long term lease with Amscot Corporation who has been in business for over 30 years and has over 240 locations.
NO MANAGEMENT: Absolute NNN lease - No landlord management obligations.
HIGH DEMAND MARKET: Florida is a preferred state for NNN investors due to strong growth and the fact there is not state income tax.
EXCELLENT LOCATION: Irreplaceable retail real estate. Prominent high traffic hard corner signalized intersection with over 100,000 cars daily.
PROVEN LOCATION: Amscot has been at this location for 14 years and has recently exercised their first 10 year option
CBRE is pleased to present this long-term single tenant Amscot Property located in Orlando Florida. Amscot, who has been in business for over 30 years and has over 240 locations, has been at this location for 14 years. The lease is absolute NNN with no landlord management obligations and fixed rental increases of 10% every 5 years. Due to their success here, they’ve recently exercised their first 10-year option.
This is a prominent intersection in Orlando with the University of Central Florida Research Park just to the north and Waterford Lakes Town Center to the south. The property is situated directly on the hard corner with a combined traffic count of over 100,000 cars daily. It’s irreplaceable real estate which will draw tremendous demand if ever redeveloped.