670 Lee Rd Orlando, FL 32810-5610
This exceptional investment opportunity presents a 12,792-square-foot West Marine storefront located at 670 Lee Rd, Orlando, FL 32810. The property sits on a 2.32-acre lot and boasts a prominent, signalized corner location with high visibility and daily traffic counts exceeding 43,500 vehicles. The property benefits from its proximity to Interstate 4 (165,500 VPD) and is strategically positioned near major employment hubs, including Orlando's Central Business District (five miles north) and Maitland Center (one mile south). The single-tenant, absolute NNN lease with West Marine, a national retailer with over 240 stores, features a corporate guarantee and a remaining lease term of 5.5 years, extending to May 31, 2030, with two five-year renewal options. Rent bumps are included, with a 5% increase in base options. The property's strong financial performance is reflected in its 6.75% cap rate and a Net Operating Income (NOI) of $223,601. Built in 1998, this one-story building offers 100% occupancy since February 1, 2012. The asking price is $3,312,607, translating to a price per square foot of $258.96. This investment is situated in a high-growth area within a major tourist destination, attracting over 70 million visitors annually, and benefits from Florida's no-income-tax environment. The tenant's strong financial backing and long-term lease provide a secure and attractive investment opportunity.
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West Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Orlando, FLOrlando. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.