2515 Partin Settlement Rd - Retail FOR SALE


Kissimmee, FL 34744- NeoCity
$3,830,000 USD
480-221-4221
2515 Partin Settlement Rd, Kissimmee, FL for Sale
$3,830,000 USD
Retail - FOR SALE
1/6
null | 4.7% Cap Rate

2515 Partin Settlement Rd
Kissimmee, FL 34744
NeoCity


HIGHLIGHTS

  • Opening Soon | Corporate Signed Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • High Traffic Corridor | Proximity to Multi-Family Developments | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Texas Roadhouse, Inc. Corporate signed lease • New, 15-year lease with 4 (5-year) option periods to extend • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period • Located at the intersection of Highway 192 and Partin Settlement Rd which combine to average 105,800 VPD and near Florida’s Turnpike (81,200 VPD) • Close proximity to several multi-family developments including the Jamison (315 units), Academy Park Apartments (420 units), and the Settlement at Amber Pointe (321 units) • Located in the center of a primary retail corridor with other national/credit tenants including Publix, Ross, Ulta, McDonald’s, Chipotle, CVS, Starbucks, Dunkin’, First Watch, and more • More than 153,700 residents and 43,600 employees support the trade area • $92,363 average household income

FOR SALE DETAILS

PRICE

$3,830,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | Brand New 15-Yr Abs NNN GL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

CCC

APN/PARCEL ID

29-25-30-3338-0001-0040

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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