2378 Irlo Bronson Memorial hwy - Retail FOR SALE


Kissimmee, FL 34741- Gateway
$3,889,000 USD
980-498-3293
2378 Irlo Bronson Memorial hwy, Kissimmee, FL for Sale
$3,889,000 USD
Retail - FOR SALE
1/3
null | 4.5% Cap Rate

2378 Irlo Bronson Memorial hwy
Kissimmee, FL 34741
Gateway


HIGHLIGHTS

  • NEARBY DISNEY PARKS AND HUNDREDS OF NEW APARTMENTS
  • LOCATED IN RETAIL DENSE STRIP AND ADJACENT TO TOP PERFORMING GROCER
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

STRONG LEASE FUNDAMENTALS - 15 Year Abs. NNN Lease with zero landlord responsibilities - Four (4) five (5) year extensions remaining - 10% Increases every 5 years in base rent and extension periods CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,750+ locations across the country - Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane 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 NEARBY DISNEY PARKS AND HUNDREDS OF NEW APARTMENTS - Surrounding the site within a 1-mile radius are more than 3,900 apartments units with a 12 month absorption of 64 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 RECENT BUILD-TO-SUIT ON BUSY CORRIDOR - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add the new feature “Chipotlane” drive thru concept with multiple spaces put in for curbside pickup - Positioned off of busy E Irlo Bronson Memorial Hwy (60K VPD) 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

FOR SALE DETAILS

PRICE

$3,889,000 USD

PRICE/SF

$1,591 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 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.