1225 Highway 50 Clermont, FL 34711
- Commercial real estate
- 1.21 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1225 Highway 50
- Year built
- 2024
- Lot size
- 1.21 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 4,618 square foot Mission BBQ restaurant located at 1225 E Hwy 50, Clermont, FL 34711, within the thriving Clermont West development in Lake County. The property boasts a prime location fronting State Highway 50, a major thoroughfare with a daily traffic volume of 66,000 vehicles. This single-tenant, absolute NNN lease with Mission BBQ offers a secure investment with a remaining term of 15.1 years, commencing December 10, 2024, and expiring December 31, 2039. The lease includes 10% rent bumps every five years and six 5-year lease options. The property sits on a 1.208-acre lot and includes 74 parking spaces. The building, constructed in 2024, is a single-story structure. The property's strong performance is reflected in its $150,000 NOI and a 5.00% cap rate, with an asking price of $3,000,000. The strategic location benefits from proximity to other significant retail developments, including Portillo's, LongHorn Steakhouse, and Bonefish Grill within Clermont West, and the nearby Clermont Landing community shopping center, as well as Home Depot and Lowe's. Excellent access to US Hwy 27 (41,500 VPD) and the Florida Turnpike (75,900 VPD) further enhances its appeal. This is a rare opportunity to acquire a high-performing, net-leased property in a rapidly growing market. The ground lease is in place.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clermont
- County
- Lake
- State
- Florida
- Longitude
- -81.7347204
- Latitude
- 28.546562
