For Sale
$3,039,000

2432 Us-27 Clermont, FL 34714

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, 6,858 square foot Mavis Discount Tires located in Clermont, Florida. The property sits on a 1.07-acre lot at the signalized, hard corner intersection of Golden Eagle Boulevard and US Highway 27, a major thoroughfare averaging 43,500 vehicles per day. This is a single-tenant, absolute NNN net lease with a corporate guarantee from Mavis Discount Tires, providing significant security and passive income. The 15-year lease commenced November 30th, 2024, and includes three 5-year renewal options, with rent bumps of 8% every five years during the initial term and 10% every five years during the option periods. The current annual net operating income (NOI) is $155,000, representing a below-market rent of $23 per square foot. The property is part of a larger, thriving retail center including established businesses like Heartland Dental and McDonald's, and is situated near several new retail developments, including a center featuring The Learning Experience, Chase Bank, and Big Dan's Car Wash. Clermont's robust growth, with a 3.62% annual growth rate and a 16.26% population increase since the last census, further enhances the long-term value of this investment. The property's location within a rapidly expanding area, coupled with a strong tenant and favorable lease terms, makes this an attractive opportunity for discerning investors. The property's APN is 23-24-26-0003-000-0560. The asking price is $3,039,000.

Highlights

  • Brand-new, 6,858 SF Mavis Discount Tires on a 1.07-acre lot at the signalized, hard corner of Golden Eagle Blvd and US Hwy 27 (43,500 VPD).
  • Part of a retail center with Heartland Dental and McDonald's, plus new construction nearby including The Learning Experience, Chase Bank, and Big Dan's Car Wash.
  • Located on a major North/South thoroughfare serving Clermont and surrounding areas.
  • Clermont experiences robust growth (3.62% annually, 16.26% population increase since last census), with significant new developments underway.
  • Absolute NNN lease with corporate guarantee from Mavis, 15-year term (commencing 11/30/2024) with three 5-year options; 8% rent bumps every 5 years initially, 10% during options; current NOI $155,000 ($23/SF).

Property Details for 2432 Us-27

Property type
Retail properties, Auto shops
Year Built
2024
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Clermont
County
Lake
State
Florida
Latitude
28.3810121
Longitude
-81.6878166

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 2432 Us-27 Clermont, FL.
What is the asking price?
The asking price for this property is $3,039,000.
What are key features of this property?
This property features: Brand-new, 6,858 SF Mavis Discount Tires on a 1.07-acre lot at the signalized, hard corner of Golden Eagle Blvd and US Hwy 27 (43,500 VPD).; Part of a retail center with Heartland Dental and McDonald's, plus new construction nearby including The Learning Experience, Chase Bank, and Big Dan's Car Wash.; Located on a major North/South thoroughfare serving Clermont and surrounding areas.
How can I contact the broker?
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2432 Us-27
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