Northern Tool Absolute NNN
795 Sand Lake Road Orlando, FL 32809
New
For Sale
$5,600,000
Absolute NNN leased retail property with Northern Tool and 5+ years remaining on the lease term.
Days on Market3
Property Features for 795 Sand Lake Road
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
SRS Real Estate Partners | Salt Lake City
(714) 928-8016
Listed By:
Gary Chou
(714) 928-8016
Source:
Srsre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 2:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Salt Lake City
Investment Insights
Based on property information with market context.
SRS National Net Lease is pleased to offer the fee simple interest (land and building ownership) in an absolute NNN leased Northern Tool + Equipment investment property. Northern Tool & Equipment Company, Inc. has operated at the site since 2006, and the tenant executed a Second Amendment in early 2021 extending the lease through 10/31/31, with approximately 5.3 years remaining. The lease is described as absolute NNN with no landlord responsibilities, and the tenant pays for CAM, taxes, insurance, and maintains the premises.
The property is positioned along Sand Lake Road/State Highway 482 and features pylon signage with two access points via Sand Lake Road and Voltaire Drive. It is immediately adjacent to an ALDI and 7-Eleven location and directly across from the Target- and Lowe’s-anchored Terrace center.
The tenant has invested in significant capital improvements, including a full roof replacement backed by a 20-year, no-dollar-limit warranty that transfers to a new owner free of charge. Tenant rent is stated as $13.69/SF, and the offering materials cite market rent of $25–$26/SF, according to CoStar.
The property is positioned along Sand Lake Road/State Highway 482 and features pylon signage with two access points via Sand Lake Road and Voltaire Drive. It is immediately adjacent to an ALDI and 7-Eleven location and directly across from the Target- and Lowe’s-anchored Terrace center.
The tenant has invested in significant capital improvements, including a full roof replacement backed by a 20-year, no-dollar-limit warranty that transfers to a new owner free of charge. Tenant rent is stated as $13.69/SF, and the offering materials cite market rent of $25–$26/SF, according to CoStar.
Key Highlights
- 2006‑built Northern Tool + Equipment investment property offered in fee simple (land & building) with an absolute NNN lease
- Tenant has 5+ years remaining: lease extended via Second Amendment in early 2021 through 10/31/31 (~5.3 years remaining)
- Tenant responsibilities: Northern Tool pays CAM, taxes, insurance, and maintains all aspects of the premises; no landlord responsibilities
Property Analytics
Location Intelligence
Current Use by Public Records
Northern Tool + Equipment
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
NNN property - Absolute NNN leased retail property with Northern Tool and 5+ years remaining on the lease term.
Where is this nnn property located?
The property is located at 795 Sand Lake Road Orlando, FL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 2006‑built Northern Tool + Equipment investment property offered in fee simple (land & building) with an absolute NNN lease; Tenant has 5+ years remaining: lease extended via Second Amendment in early 2021 through 10/31/31 (~5.3 years remaining); Tenant responsibilities: Northern Tool pays CAM, taxes, insurance, and maintains all aspects of the premises; no landlord responsibilities
