NNN First Watch - Orlando (Mount Dora) FL
New Construction NNN | Corporate 15 Year Lease | 10% Increases Every Five Years
Marketing description
Introducing the enticing investment opportunity at 18915 US-441, Mt Dora, FL 32757 – a brand-new construction boasting a single-tenant NNN lease. This prime location in Orlando MSA with traffic flow of 46,000 VPD offers a lucrative deal with a 15-year lease in place. The property features a 3,900 SF space on a 1.84 AC land area, leased by the renowned brand First Watch. With a corporate lease type, the property ensures a hassle-free investment with landlord responsibilities limited to roof, structure, and foundation. The lease includes gradual rent increases, offering a net operating income of $210,600 and a competitive cap rate of 5.30%. Attractively priced at $3,974,000, this investment gem guarantees steady returns with a strong tenant commitment and scheduled rental escalations. Don't miss out on this opportunity to own a piece of commercial real estate with a reputable tenant in a rapidly growing market.
Investment highlights
- Brand New 15-Year Lease | Options To Extend | Scheduled Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Part of Larger Development | New Commercial and Residential | Surrounding Retailers | Strong Real Estate Value
- Strong Demographics In 5-mile Trade Area
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