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    1275 Highway 50 Clermont, FL 34711
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    Property profile & analytics

    1275 Highway 50, Clermont, FL 34711

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    • Commercial real estate
    • 1.52 lot acres
    Off-Market
    Property ID
    US19-0084338
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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    • 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.


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    Location Insight

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    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.7334366
    Latitude
    28.5465531
    More about this property
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