6410 Clarcona Ocoee Rd Orlando, FL 32810-3905
- Retail space
- 8,380 SF
- 1.08 lot acres
Feb 26, 2025
Current Use by Public Records
- Family Dollar / Tobacco Shop / School Supply Store
Property Details for 6410 Clarcona Ocoee Rd
- Year built
- 2019
- Lot size
- 1.08 lot acres
- Property size
- 8,380 SF
- Zone code
- RSTD C-1
- Property type
- Retail space
- APN
- 36-21-28-0000-00-055
- APU
- 362128000000055
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 6410 Clarcona Ocoee Rd, Pine Hills, FL 32818. The property boasts 8,380 square feet on a 1.08-acre lot and was built in 2019. Currently operating under a corporate guarantee, the lease features a remaining term of 4.4 years with six, 5-year options, each including a 5% rent increase. The property generates a strong NOI of $129,000, resulting in a 7.00% cap rate. The asking price is $1,842,000. This Family Dollar store is a top performer, ranking in the 97th percentile nationally, within Florida, and in a 30-mile radius. The location benefits from strong demographics, with a one-mile radius population of 12,280 and an average household income of $73,543. The three-mile radius boasts a population of 97,908 and an average household income of $69,894. This investment is backed by Dollar Tree/Family Dollar, a Fortune 500 company with an S&P investment-grade credit rating of BBB, operating over 16,340 stores across 48 states and Canadian provinces. The minimal landlord responsibilities associated with the net lease structure make this a low-maintenance, high-return investment. The property's location in Orlando, a city experiencing rapid population growth, further enhances its long-term value and potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,480,000
- ML approach
- $1,420,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,124,000
Market price range: $410k - $1.18M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,130,000 Current use
- INDUSTRIAL (GENERAL)
- $1,965,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4694
- Latitude
- 28.6114
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA