2306 E Irlo Bronson Memorial Hwy - Retail FOR SALE


Kissimmee, FL 34744- NeoCity
$6,282,000 USD
980-498-3293
2306 E Irlo Bronson Memorial Hwy, Kissimmee, FL for Sale
$6,282,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

2306 E Irlo Bronson Memorial Hwy
Kissimmee, FL 34744
NeoCity


HIGHLIGHTS

  • LOCATED IN RETAIL DENSE STRIP AND ADJACENT TO TOP PERFORMING GROCER
  • NEW MEDICAL OFFICE BUILD-TOSUIT
  • ORLANDO, FL MSA

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Each Tenant has signed a new 10 years Lease both are corporate guarantees - Heartland Dental has 4 x 5-year options at 10% while CareSpot has 2 x 5-year options at 10% STRONG CREDIT TENANTS - Heartland Dental (1,800+ locations) - CareSpot Urgent Care (100+ locations nationwide) is backed by dual corporate guarantors — New FM Parent Corp and Orlando Health, a major Florida healthcare system with more than 23,000 employees - Combined tenancy offers strong credit fundamentals and low risk of default - Complimentary co-tenancy LOCATED IN RETAIL DENSE STRIP AND ADJACENT TO TOP PERFORMING GROCER - Adjacent to Top Performing Publix (Top 25% Nationwide) with over 1.1M visits - More than 2.2M SF of retail space located within a 1-mile radius of the subject site with a vacancy rate of 1.5% - Nearby National Retail Tenants Include: Walmart Neighborhood Market, Home Depot, At Home, Publix Supermarket, Burlington, Ross Dress For Less, Ollie’s Bargain Outlet Store, and more NEW MEDICAL OFFICE BUILD-TOSUIT - This dual-tenant medical property features brand-new 2025 build-to-suit construction for both operators - Heartland Dental’s suite is delivered to modern clinical standards and dental-specific infrastructure - CareSpot’s space is purpose-built for urgent care, with designated exam rooms, diagnostic layout compatibility, and back-of-house medical support areas ORLANDO, FL MSA - Orlando, FL was the fastest growing large economy in Florida in 2022 - The Orlando MSA added approximately 76,000 new residents from July 2023 - July 2024 - Florida has no state income tax and in 2022 the state was ranked the fastest growing state in the US NEARBY DISNEY PARKS AND HUNDREDS OF NEW APARTMENTS - Surrounding the site within a 1-mile radius are more than 3,900 apartments units - Over 500 apartments are set to deliver in the immediate area - The site is less than 12 miles away from Disney World, which averages over 58 million annual visitors

FOR SALE DETAILS

PRICE

$6,282,000 USD

PRICE/SF

$748 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental & CareSpot Urgent Care

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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