2432 Us-27, Clermont, FL 34714

Property Details for 2432 Us-27

Year built

2024

Lot size

1.07 lot acres

Property type

Retail properties & Spaces

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a brand-new, 6,858 square foot Mavis Discount Tires located in Clermont, Florida. The property sits on a 1.07-acre lot at the signalized, hard corner intersection of Golden Eagle Boulevard and US Highway 27, a major thoroughfare averaging 43,500 vehicles per day. This is a single-tenant, absolute NNN net lease with a corporate guarantee from Mavis Discount Tires, providing significant security and passive income. The 15-year lease commenced November 30th, 2024, and includes three 5-year renewal options, with rent bumps of 8% every five years during the initial term and 10% every five years during the option periods. The current annual net operating income (NOI) is $155,000, representing a below-market rent of $23 per square foot. The property is part of a larger, thriving retail center including established businesses like Heartland Dental and McDonald's, and is situated near several new retail developments, including a center featuring The Learning Experience, Chase Bank, and Big Dan's Car Wash. Clermont's robust growth, with a 3.62% annual growth rate and a 16.26% population increase since the last census, further enhances the long-term value of this investment. The property's location within a rapidly expanding area, coupled with a strong tenant and favorable lease terms, makes this an attractive opportunity for discerning investors. The property's APN is 23-24-26-0003-000-0560. The asking price is $3,039,000.

Location Insight

City

Clermont

County

Lake

State

Florida

Longitude

-81.6878

Latitude

28.381