Osceola Pkwy And Dyer Blvd Kissimmee, FL 34741

Property Details for 0 Osceola Pkwy And Dyer Blvd

Year built

2024

Lot size

7.08 lot acres

Property size

80,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a newly constructed, 80,000-square-foot Floor & Decor storefront in Kissimmee, Florida, situated on a 7.08-acre lot. The property boasts a prime location at the hard corner intersection of W. Osceola Parkway and Dyer Boulevard, a high-traffic area with 52,800 vehicles passing daily. The building, completed in 2024, features a state-of-the-art design and benefits from a 100% occupancy rate with a long-term, absolute NNN lease. The lease, signed by a corporate guarantor, includes a 15-year initial term with six 5-year renewal options, ensuring consistent income. Rental increases of 10% every five years provide built-in inflation protection and steadily growing net operating income (NOI). The property offers 233 parking spaces and is zoned MUPUD (Mixed Use Planned Unit Development). The asking price is $10,000,000, representing a 5.70% cap rate and a price per square foot of $125. The strong demographics of the 5-mile trade area, with a population exceeding 233,200 and an average household income of $75,635, further enhance the investment potential. The property's strategic location within a primary retail corridor, adjacent to major retail centers like The Loop Kissimmee (324,000 sq ft) and The Crosslands (442,000 sq ft), and near other national retailers such as Walmart, Sam's Club, Home Depot, and Lowe's, ensures high visibility and consistent customer traffic. This is a management-free investment opportunity with significant long-term growth potential. The property's APN is 05252900U000330000. The NOI is $570,000.

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Longitude

-81.4309

Latitude

28.3418