1200 E Irlo Bronson Memorial Hwy Saint Cloud, FL 34771

Property Details for 1200 E Irlo Bronson Memorial Hwy

Year built

2005

Lot size

1.15 lot acres

Property size

2,406 SF

Zone code

SI3

Property type

Banks

APN

72631060500010015

APU

72631060500010015

Description

This exceptional investment opportunity presents a freestanding, 3,833 square foot medical retail building in St. Cloud, Florida, currently leased to Heartland Dental, LLC. The property boasts a strong 5.85% cap rate and a substantial net operating income (NOI) of $171,054. The 10-year lease, signed by the corporate entity, includes 10% rent bumps every five years and four, five-year renewal options with identical increases, ensuring long-term, predictable cash flow. Situated on a 1.14-acre lot with 26 parking spaces, the building underwent renovations in 2023. The property benefits from a prime location on a hard-corner, signalized intersection with high daily traffic volume (45,000+ vehicles). The surrounding area features a dense, high-income population exceeding 201,894 residents within a 10-mile radius, further enhanced by nearby residential developments like Hanover Lakes, a 409-home community with convenient access to major theme parks. The tenant's robust financial performance (Heartland Dental's 2022 revenue totaled $1.2 billion) underscores the investment's stability. The property's tenant pays all common area maintenance, minimizing operational responsibilities. Nearby national retailers such as ALDI, Publix, McDonald's, and Starbucks further contribute to the area's strong retail environment. This is a rare opportunity to acquire a high-performing, corporate net lease property with significant long-term growth potential.