2711-2721 Irlo Bronson Memorial Hwy Kissimmee, FL 34744

Property Details for 2711-2721 Irlo Bronson Memorial Hwy

Year built

2023

Lot size

0.75 lot acres

Property size

5,860 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Kissimmee

County

Osceola

State

Florida

Longitude

-81.3289

Latitude

28.2924