Retail Strip Center St Cloud | 4301 13th St
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Retail Strip Center St Cloud 4301 13th St
7,813 SF 100% Leased Retail Building Saint Cloud, FL 34769 $5,867,509 ($751/SF) 5.50% Cap Rate
Investment Highlights
- NN LEASES
- NEW HIGH QUALITY 2016 CONSTRUCTION
- TEN YEAR BASE TERMS
- LANDLORD OBLIGATIONS: ROOF, STRUCTURE, PARKING AREAS, ETC.
- RENT COMMENCEMENT 2017
- LOCATED IN RETAIL CORRIDOR OF ST. CLOUD
Executive Summary
The Property is located at 4301 13th Street in St Cloud, FL approximately 20 miles south of Orlando. The strip center is located immediately adjacent to the local Publix retail center. Connected by shared cross access parking, the retail center is situated just behind the strip center and they are both at corner of 13th Street and Old Canoe Creek Road. Together, the freestanding strip center parcel and the Publix retail center occupy one highly visible corner, with contiguous frontage along 13th Street as well as Old Canoe Creek Road. The strip center is optimally located in the heart of the retail corridor of St Cloud. The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 39,015 and 80,026 within a 5-mile. Additionally, within a 3 mile radius of the subject property, there are 14,119 households with an average household income of $55,321. Some of the surrounding retailers in the immediate area include Publix, Walmart, The Home Depot, Walgreens, Tractor Supply Company, Bojangles, CVS Pharmacy, Outback Steakhouse, Chili’s, Sonic Drive-In, Bank of America and many more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,813 SF
Building Class
B
Year Built
2017
Price
$5,867,509
Price Per SF
$751
Cap Rate
5.50%
NOI
$322,713
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.20 AC
Zoning
C-2 - Commercial
Parking
47 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-26-30-0725-0001-2941 | Improvements Assessment | $1,622,600 |
| Land Assessment | $562,100 | Total Assessment | $2,184,700 |
PROPERTY TAXES
Parcel Number
04-26-30-0725-0001-2941
Land Assessment
$562,100
Improvements Assessment
$1,622,600
Total Assessment
$2,184,700
Contacts
-
Laurence Liebowitz -
Jordan Liebowitz -
Brian Wasilenko -
Kyle Star -
Landmark Real Estate Company
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Retail Strip Center St Cloud | 4301 13th St
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