4615 Collina Ter - Retail FOR SALE


Clermont, FL 34711- Minneola
$3,444,000 USD
980-498-3293
4615 Collina Ter, Clermont, FL for Sale
$3,444,000 USD
Retail - FOR SALE
1/4
null | 4.5% Cap Rate

4615 Collina Ter
Clermont, FL 34711
Minneola


HIGHLIGHTS

  • HIGH GROWTH ORLANDO, FL MSA
  • NEW CONSTRUCTION ON A MAJOR HIGHWAY
  • COSTCO ANCHORED SHOPPING CENTER OUTPARCEL

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 8% rent increase every 5 years during option periods - Absolute NNN Ground lease with no Landlord Responsibilities - Six (6) - Five (5) year option periods NAME BRAND AND STRONG CORPORATE TENANT - Panda Express has over 2,460+ locations across the country - These locations employ more than 47K employees with annual sales exceeding $3 Billion dollars NEW CONSTRUCTION ON MAJOR HIGHWAY - This site was recently constructed with Panda Express paying to build the building - showing Strong commitment to the site - Located on State Rd 50 (55K VPD) HIGH GROWTH ORLANDO, FL MSA - Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years - Orlando was the 2nd fastest growing metro from 2022 to 2023 - 2.1% forecasted employment growth for 2024 (1.4% National Avg.) COSTCO ANCHORED SHOPPING CENTER OUTPARCEL - 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 - 515 apartments in a 1-mile radius - Adjacent to Skyline at West Fall Station (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

FOR SALE DETAILS

PRICE

$3,444,000 USD

PRICE/SF

$1,378 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panda Express

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

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

25-22-26-1400-000-00900

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.