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34426872
34426871

16526-16530 SR-50, Clermont, FL 34711 For Sale

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas
$4,726,000
3 days on market
Updated 3 days ago

POPEYE’S SHOPPING CENTER– CLERMONT, FL

Details
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 5,286
Net Rentable (SqFt) 5,286
Cap Rate 5.50%
NOI $259,909
Occupancy 100%
Tenancy Multi
Brand/Tenant Popeyes, Jeff's Bagel Run (+1)
Lease Type Absolute NNN
Rent Bumps Yes
Broker Co-Op True
Year Built 2017
Buildings 1
Stories 1
Acreage 0.980
Zoning C
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Retail | 5.50% CAP | 5,286 SqFt

Marketing description

Clermont Retail is 100% occupied by Popeyes (new 20-year lease) with 26 locations, Jeff’s Bagel Run (new 10-year lease) with 32 locations & Green Thumb (new 10- year lease) with attractive rental escalations. It is Located in a dominant retail corridor (across the street from Publix Super Market) with great visibility/access on SR-50 with traffic counts of 59,473 CPD!

Nearby retailers include Costco, Target, Walmart, Kohl’s, Bealls, Belk, BJ’s Wholesale, Home Depot, Lowe’s, Hobby Lobby, At Home, Dick’s Sporting Goods, T.J. Maxx, Ross Dress for Less, Petco, Pet Supermarket, Michaels, Office Depot, Rooms To Go, ALDI, Publix Super Market, Winn-Dixie, Floor & Decor, Walgreens, CVS, Planet Fitness, Anytime Fitness, and Epic Theatres. 25 miles from Rollins College Winter Park - a private liberal arts college offering various undergraduate & master programs with a total enrollment of 3,047; 3 miles from South Lake Hospital - a licensed 235-bed comprehensive medical & surgical acute care facility serving the residents of Lake County for 75 years.

Investment highlights

  • STRONG TENANCY | ABSOLUTE NNN LEASES: 100% occupied by Popeyes (new 20-year lease) with 26 locations, Jeff’s Bagel Run (new 10-year lease) with 32 locations & Green Thumb (new 10- year lease) with attractive rental escalations
  • TRAFFIC COUNTS: Located in dominant retail corridor (across the street from Publix Super Market) with great visibility/access on SR-50 with traffic counts of 59,473 CPD!
  • 2026 VERY AFFLUENT 2024 DEMOGRAPHICS: Population: 104,441 & Average Household Income: $169,648
  • FLORIDA IS AN “INCOME TAX-FREE” STATE
  • Nearby retailers include Costco, Target, Walmart, Kohl's, Bealls, Belk, BJ's Wholesale, Home Depot, Lowe's, Hobby Lobby, At Home, Dick's Sporting Goods, T.J. Maxx, Ross Dress for Less, Petco, Pet Supermarket, Michaels, Office Depot, Rooms To Go, ALDI, Publix Super Market, Winn-Dixie, Floor & Decor, Walgreens, CVS, Planet Fitness, Anytime Fitness, Epic Theatres
  • Average Household Income (1-mi) $169,648

Listing Contacts

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$259,909.00
$21,659.08/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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