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2711-2721 Irlo Bronson Memorial Hwy Kissimmee, FL 34744

For Sale
$3,912,000

High-yield, 2-tenant retail center

Property size:
5,860 SF

Description

Added:
Dec 11, 2024
Days on Market:
363
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 5,860 square foot retail building situated on a 0.75-acre lot in Kissimmee, Florida. The property boasts 100% occupancy with two tenants, Mattress Firm and Deca Dental, both under new 10-year NNN leases featuring 10% rental increases every five years and two five-year options to extend. Built in 2023, the building showcases a state-of-the-art design and high-quality construction. The property offers 40 parking spaces and is zoned B-3 (General Commercial). Strategically located on East Irlo Bronson Memorial Highway (State Hwy 192 & 441), it benefits from high traffic volume (over 48,000 vehicles per day) and convenient access to the Florida Turnpike (over 43,100 VPD). Its prime location as an outparcel to St. Cloud Commons, a 190,000 square foot shopping center anchored by major retailers, and its proximity to a dense retail corridor with numerous national tenants, including Walmart and Publix, ensures strong visibility and consistent consumer traffic. Further enhancing its appeal is the nearby Orlando Health St. Cloud Hospital (84 beds). The property's strong demographics include a 5-mile trade area with over 109,000 residents and 26,000 employees, boasting an average household income of $76,354. The asking price is $3,912,000, representing a 5.50% cap rate and a NOI of $215,136. The property's APN is 32-25-30-4990-0001-03R0. This is a compelling investment opportunity with significant long-term growth potential.

Property Features for 2711-2721 Irlo Bronson Memorial Hwy

General Information

Property type
Individual retail properties
Square Feet
5,860 SF
Lot Size
32,670 SF

Building Details

Year Built
2023

HighLights

  • Fully occupied, two‑tenant building with brand new 10‑year leases including scheduled rent increases and extension options. Brand new construction. NNN leases.
  • Outparcel to a 190,000 SF anchored center in a dense retail corridor with strong national credit tenants, including Orlando Health St. Cloud Hospital (84 beds).
  • Excellent visibility and access at the intersection of high‑traffic State Hwy 192 & 441 (48,000 VPD) and the Florida Turnpike (43,100 VPD).
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Kissimmee
County
Osceola
State
Florida
Longitude
-81.3289397
Latitude
28.2923689

FAQs

What type of property is this?
Individual retail property - High-yield, 2-tenant retail center
Where is this individual retail property located?
The property is located at 2711-2721 Irlo Bronson Memorial Hwy Kissimmee, FL.
What is the asking price?
The asking price for this property is $3,912,000.
What are key features of this property?
This property features: Fully occupied, two-tenant building with brand new 10-year leases including scheduled rent increases and extension options. Brand new construction. NNN leases.; Outparcel to a 190,000 SF anchored center in a dense retail corridor with strong national credit tenants, including Orlando Health St. Cloud Hospital (84 beds).; Excellent visibility and access at the intersection of high-traffic State Hwy 192 & 441 (48,000 VPD) and the Florida Turnpike (43,100 VPD).
More about this property
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