7620 Presidents Dr
Orlando, FL
Price:
$4,934,000
Cap Rate:
4.75%
NOI:
$234,384
Building Size:
Approx. 3,010 Sq. Ft.
Lot Size:
Approx. 1.06 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2019
Investment Overview
- 2019 Construction 3,010+/- SF Building on 1.06 +/- Acre Site
- New 15-year Corporate NNN Lease with 10% rental increases every 5-years, beginning year 11
- Strategically located at the intersection of Presidents Dr. and Sand Lake Rd. (50,000+ VPD)
- As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
- Within a 3-miles radius | SeaWorld Orlando (4.6M+ annual visitors) | Universal Studios Florida (21M+ annual visitors) | The Florida Mall (largest shopping mall in central Florida, 20M+ visitors)
- Less than 10-miles from Orlando International Airport and 2,000 feet from the University of Phoenix (142,500 enrollment)
- Greater Orlando (MSA) | Population 285k+ | #1 in the country for job growth | #4 fastest growing U.S. Metro