1275 Highway 50 Clermont, FL 34711
- Commercial real estate
- 1.52 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1275 Highway 50
- Year built
- 2024
- Lot size
- 1.52 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 5,700 square foot Longhorn Steakhouse located at 1275 E Hwy 50, Clermont, FL 34711. The property sits on a 1.52-acre lot and is part of the thriving Clermont West development, boasting high visibility due to its frontage on State Highway 50 (66,000 vehicles per day). The absolute NNN lease with a credit-rated tenant offers a secure investment with a 9.9-year remaining term (commencing September 23, 2024, and expiring September 30, 2034). The lease includes four 5-year renewal options and 10% rent bumps every five years, ensuring consistent income growth. The property's strong performance is reflected in its $225,000 net operating income (NOI) and a 5.00% cap rate. The asking price is $4,500,000. This location benefits from its proximity to major thoroughfares like US Hwy 27 (41,500 VPD) and the Florida Turnpike (75,900 VPD), providing excellent access to the Clermont and Orlando markets. The surrounding area includes other established retailers such as Portillo's, Mission BBQ, and Bonefish, along with planned developments like The Goddard School and Extra Space Storage, further solidifying the area's growth potential. The strong demographics, with over 107,000 residents and 26,000 employees in the trade area and an average household income of $116,425, contribute to the property's exceptional investment value. The property is a ground lease. The building was constructed in 2024.
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
- -81.7334366
- Latitude
- 28.5465531
