1340-1348 & 1358-1398 S Narcoossee Road Rd - Retail FOR SALE


Saint Cloud, FL 34771
$27,641,000 USD
727-452-6864
1340-1348 & 1358-1398 S Narcoossee Road Rd, Saint Cloud, FL for Sale
$27,641,000 USD
Retail - FOR SALE
1/6

1340-1348 & 1358-1398 S Narcoossee Road Rd
Saint Cloud, FL 34771


HIGHLIGHTS

  • Narcoossee Commons is a 35-unit, six-building, unanchored retail center spread across two separate parcels. The asset is 84.2% occupied
  • 29 of the 30 tenants have NNN leases, helping stabilize the cash flow by reducing landlord responsibilities at the property
  • Of the 30 occupied units, 27 units have leases with annual rent increases ranging from 2-5%, providing increasing NOI as a hedge against inflation
  • The six buildings were newly constructed in 2021 and 2025, reducing the likelihood of large capital expenses in the near future
  • Approximately 75,000 existing and upcoming residential units within the immediate area
  • St. Cloud City Planning estimates continued expansion to approximately 108,000 residents by 2050

OVERVIEW

RIPCO Real Estate is pleased to offer for sale Narcoossee Commons, a ±55,396 SF retail/service based property located on the west side of S Narcoossee Road in St. Cloud, FL. The property is comprised of six buildings spread across two separate parcels, built in phases between 2021 and 2025. The asset is currently 84.2% occupied by a mix of professional services, medical, and retail tenants. St. Cloud is experiencing rapid population growth, with an estimated population of approximately 71,000 residents in 2026, representing a nearly 20% increase since 2020 and an annual growth rate of about 4.6%, far outpacing the national average. This momentum follows a decade of significant expansion, as the population grew from roughly 35,000 in 2010 to nearly 59,000 by 2020, an increase of more than 67% in just ten years. Looking ahead, city projections indicate continued strong growth, with the population expected to reach approximately 108,000 by 2050 under current boundaries. This stretch of S Narcoossee Road where the property is located has an AADT of 38,000. Within 3 miles of Narcoossee Commons, there is a population of 32,760 and an average household income of $114,654. The asset would be an attractive investment opportunity for investors seeking minimal landlord responsibilities and reduced capital expense exposure due to its recent construction. This offering is further strengthened by its location on Narcoossee Road, St. Cloud’s primary north-south thoroughfare, and its diverse mix of service, medical, and destination retail tenants.

FOR SALE DETAILS

PRICE

$27,641,000 USD

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Narcoossee Commons

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

29-25-31-4910-0098-0010

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.