For Sale
$2,412,290

1293 Duncan DrTavares, FL 32778

Prime Retail Auto Shop in Tavares, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 7,225 square-foot O'Reilly Auto Parts store located at 1293 S Duncan Dr, Tavares, FL 32778, within the Orlando MSA. The property sits on a 1.5-acre lot and boasts a newly executed 15-year net lease (commencing June 1, 2023, and expiring May 31, 2038) with O'Reilly Automotive Stores, Inc., a publicly traded company with a strong investment-grade credit rating. The lease includes four five-year renewal options, with a 6% rent increase in year 11 and each option period. The current annual net operating income (NOI) is $132,676, representing a 5.50% capitalization rate on the asking price of $2,412,290 ($333.88 per square foot). Built in 2023, this property benefits from the explosive population growth in the Orlando MSA and offers a passive, tax-free income stream in a desirable location. The 100% occupancy ensures immediate cash flow and long-term stability. This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a nationally recognized, investment-grade tenant. The property's strong fundamentals and favorable lease terms make it an attractive addition to any investment portfolio.

Highlights

  • Orlando MSA, experiencing explosive population growth.
  • Investment-grade tenant secured.
  • Brand-new 15-year lease in place.
  • Passive net lease structure.
  • Brand-new construction.
  • Located in a state with no income tax.

Property Details for 1293 Duncan Dr

Property type
Retail properties, Auto shops
Square Feet
7,225 SF
Year Built
2023
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Tavares
County
Lake
State
Florida
Latitude
28.791640105848
Longitude
-81.745220259958
1293 Duncan Dr, Tavares, Florida

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1293 Duncan Dr
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