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St. Cloud Crossing, St. Cloud, FL

St. Cloud Crossing

FL, United States

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 Broker Information 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.

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