St. Cloud Crossing,
St. Cloud, FL Investment Summary
| Price | $4,810,000 |
| Cap Rate | 6.05% |
| NOI | $293,375 |
| Lease Term | Various |
| Lease Type | |
| Rental Increases | Various |
| Year Built | 2017 |
| Building Size | 7,812 sq. ft. |
| Lot Size | 1.01 Acres (43,996 SF) |
| Status | Sold |
| Lead Brokers | Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Vince Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
NEW, 100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased retail center with brand new, high-quality construction, limiting near term deferred maintenance or capital costs
» Multi-tenant center allows for investment diversification
» All tenants have 10-year initial terms with corporate leases
» NNN leases require minimal landlord management, ideal for an out-of-area investor
» Aspen Dental operates more than 550 locations across 33 states, serving more than 15,000 patients daily
» AT&T and Vitamin Shoppe are both publicly-traded, with revenue in excess of $10 billion annually
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located at signalized hard corner with excellent access and visibility to 62,430 vehicles per day
» Prime location on St. Cloud’s main thoroughfare
» Outparcel to Publix-anchored shopping center featuring major national tenants
» Located in dense retail corridor surrounded by well-known retailers, including Walmart, Home Depot, Walgreens, Dollar Tree, Staples, and others
» Close proximity to downtown St. Cloud
FAST-GROWING ORLANDO MSA LOCATION
» Osceola County is the fastest growing county in the Orlando MSA and the tenth fastest growing in the U.S.
» Orlando was the second fastest growing metro in the nation in 2013
» Forbes ranked Orlando the top metro area for jobs in 2014, when Orlando increased new jobs at a rate more than twice the national average
Click Here to Download Offering Memorandum
Property Description
The property is conveniently located at the signalized hard corner of Old Canoe Creek Road and 13th Street, St. Cloud’s main thoroughfare, with excellent visibility and access to 62,430 vehicles per day. The property is outparcel to a large shopping center anchored by Publix and featuring major national tenants including Chipotle, Chase, MetroPCS, and Fantastic Sams. The property is located in a dense retail corridor and is surrounded by a number of major national retailers. Tenants in the area include Walmart, Home Depot, Tractor Supply Company, Dollar Tree, Staples, Aldi, Planet Fitness, Walgreens, Aaron’s, Hibbett Sports, and many others.
