For Sale
$2,050,000

4304 Clarcona Ocoee RdOrlando, FL 32810

High-yield Amscot NN, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,200 square foot freestanding building occupied by Amscot, a financially strong corporate tenant, under a net lease. Located at 4304 Clarcona Ocoee Road in Orlando, Florida (zip code 32810), this property boasts excellent visibility and accessibility, situated at a main intersection with frontage on Clarcona Ocoee Road and proximity to Orange Blossom Trail. The property features a 20-year lease, originally commencing May 10, 2007, with a remaining term of 2.5 years and two remaining renewal options, each with a 10% rent increase. The current lease expiration is May 13, 2027. The tenant, Amscot, has demonstrated a long-term commitment to the location, having exercised its second renewal option in May 2022. The property includes 9 parking spaces and sits on a 43,224 square foot lot, offering approximately 0.75 acres of potential for additional development. The asking price is $2,050,000, representing a 6.62% cap rate and a price per square foot of $640.62. The property's Net Operating Income (NOI) is $135,762, with 100% occupancy. The property is zoned AC-1/W and includes one single-story building constructed in 2007. This is a value-add investment opportunity with a corporate guaranteed lease.

Highlights

  • Amscot recently exercised their second renewal option, extending their lease through May 2027.
  • Long-term tenant, Amscot, has occupied the property since 2007.
  • High traffic location with excellent road frontage on Clarcona Ocoee Road (AADT 24,000).
  • Strong visibility from Orange Blossom Trail (AADT 30,000).
  • One-acre lot offers significant redevelopment potential.

Property Details for 4304 Clarcona Ocoee Rd

Property type
Lifestyle centers, Power centers
Square Feet
3,200 SF
Year Built
2007
Buildings
1
Stories
1
Units
1

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.6124711
Longitude
-81.4327233
4304 Clarcona Ocoee Rd, Orlando, Florida

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4304 Clarcona Ocoee Rd
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