10715 Narcoossee Rd
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10715 Narcoossee Rd
3,891 SF Retail Building Orlando, FL 32832 $3,794,038 ($975/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year NNN Ground Lease to Wells Fargo | 4 Years Remaining With Four, 5-Year Renewal Options
- Longstanding Commitment to Site | Tenant Since 2007
- Across From Publix Super Market Shopping Plaza
- 2.5% Annual Rent Increases Throughout Base Term and Option Period
- Situated on 1.02 Acres | 245’ of Narcoosee Road Frontage – 38,000 AADT
- Surrounded by Numerous National Tenants Including; McDonald’s, Great Clips, 7-Eleven, The UPS Store, Regions Bank, Burger King, Taco Bell
EXECUTIVE SUMMARY
- 20-Year NNN Ground Lease to Wells Fargo | 4 Years Remaining With Four, 5-Year Renewal Options
- 2.5% Annual Rent Increases Throughout Base Term and Option Period
- Longstanding Commitment to Site | Tenant Since 2007
- Deposits Through 06/30/2023- $114,251,000
- Situated on 1.02 Acres | 245’ of Narcoossee Road Frontage – 38,000 AADT
- Across From Publix Super Market Shopping Plaza
- Surrounded by Numerous National Tenants Including; McDonald’s, Great Clips, 7-Eleven, The UPS
Store, Regions Bank, Burger King, Taco Bell
- Lake Nona is one of America’s fastest-growing and most innovative communities.
- Florida is an Income Tax Free State
- 2.5% Annual Rent Increases Throughout Base Term and Option Period
- Longstanding Commitment to Site | Tenant Since 2007
- Deposits Through 06/30/2023- $114,251,000
- Situated on 1.02 Acres | 245’ of Narcoossee Road Frontage – 38,000 AADT
- Across From Publix Super Market Shopping Plaza
- Surrounded by Numerous National Tenants Including; McDonald’s, Great Clips, 7-Eleven, The UPS
Store, Regions Bank, Burger King, Taco Bell
- Lake Nona is one of America’s fastest-growing and most innovative communities.
- Florida is an Income Tax Free State
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,891 SF
Building Class
B
Year Built
2007
Price
$3,794,038
Price Per SF
$975
Cap Rate
5.20%
NOI
$197,290
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.02 AC
Zoning
P-D
Frontage
100 FT on 10715 Narcoossee Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-2408-5118-01-002 | Improvements Assessment | $2,454,805 |
| Land Assessment | $1,245,929 | Total Assessment | $3,700,734 |
PROPERTY TAXES
Parcel Number
31-2408-5118-01-002
Land Assessment
$1,245,929
Improvements Assessment
$2,454,805
Total Assessment
$3,700,734
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10715 Narcoossee Rd
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