345 Fl-436Fern Park, FL 32730

Property Details for 345 Fl-436

Year built

1987

Lot size

1.72 AC

Property size (Sq ft)

43,033 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Primely located in Fern Park, Florida, this exceptional investment opportunity presents a 43,033-square-foot, single-tenant EOS Fitness facility operating under a 15-year net lease (NNN) agreement. The lease commenced April 2, 2024, and extends to April 30, 2039, offering a substantial remaining lease term of approximately 14.4 years. The property boasts a 6.50% cap rate based on a current net operating income (NOI) of $800,000. Situated on a 1.72-acre lot, the building, constructed in 1987 and renovated in 2024, benefits from a highly desirable location near a major intersection with 121,000 vehicles per day, ensuring exceptional visibility and accessibility. The property's strong tenant, EOS Fitness, is supported by a robust demographic profile, including over 5,600 apartment units within a three-mile radius and an average household income exceeding $96,000. The lease includes attractive terms, featuring 10% rent increases every five years, further enhancing the long-term investment value. This fee-simple ownership opportunity is offered at $12,300,000. The property's strategic location, coupled with the strength of the tenant and lease terms, makes this an exceptional investment opportunity in the thriving Orlando market. The property is located at 345 FL-436, Fern Park, FL 32730.

Location Insight

City

Fern Park

County

Seminole

State

Florida

Latitude

28.6559

Longitude

-81.3381

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