4607 Collina Ter - Retail FOR SALE


Clermont, FL 34711- Minneola
$7,019,000 USD
980-498-3293
4607 Collina Ter, Clermont, FL for Sale
$7,019,000 USD
Retail - FOR SALE
1/6
null | 5.65% Cap Rate

4607 Collina Ter
Clermont, FL 34711
Minneola


HIGHLIGHTS

  • NEW COSTCO ANCHORED SHOPPING CENTER OUTPARCEL W/ HUGE TRAFFIC COUNTS (55K)
  • ATTRACTIVE LEASE FUNDAMENTALS
  • STRONG CREDIT TENANTS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Two Corporately Guaranteed leases (Chipotle 15Yrs & Heartland 10Yrs) - Both leases have 2 x 5 year extensions left - Each lease provides 10% rent increases every 5 years in base term and option periods providing a strong inflation hedge in a tax free state - Fee simple ownership allows for depreciation of the building boosting after tax returns STRONG CREDIT TENANTS - Heartland Dental (1,800+ Locations) has a credit rating of B- - Chipotle Mexican Grill (3,250+ Locations) has a credit rating of B+ - Together, this site has a low risk of default and provides a safe long term investment NEW COSTCO ANCHORED SHOPPING CENTER OUTPARCEL W/ HUGE TRAFFIC COUNTS (55K) - Within a 1-mile radius of the site is more than 850K SF of retail space - Nearby National Retailers Include: Costco Wholesale, Floor & Décor, Golf Galaxy, East Towne Center with a Publix Supermarket and more SURROUNDED BY HUNDREDS OF NEW RESIDENTIAL UNITS - Just east of the site and in the shopping center are the Skyline at West Fall Station apartments with 300 units - Across the street are multiple apartment complexes including the Broadstone Overlands complex with more than 200 units and the John’s Lake Landing Cottage Series with over 400 units CLOSE PROXIMITY TO DISNEY WORLD - Site is located under 30 minutes from Disney World - The Disney World Resort is the largest theme park in the world, spanning 27,520 acres - Disney world attracts over 58 million visitors annually with more than 160K visitors daily - Due to close proximity many of the 77K Disney World employees live in Clermont, FL providing a strong impact to the community NEW CONSTRUCTION - This multi-tenant property was built with the newest format and store type for both Heartland Dental and Chipotle, including the new “Chipotlane” drive-thru pick up lane for online orders, which has lead to increased sales volume

FOR SALE DETAILS

PRICE

$7,019,000 USD

PRICE/SF

$1,007 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental & Chipotle Mexican Grill

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

PD

APN/PARCEL ID

25-22-26-1400-C06-00000

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 Policy.