4510 92Casselberry, FL 32707

Property Details for 4510 92

Year built

1994

Lot size

2.70 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 25,464-square-foot PetSmart storefront in Casselberry, Florida. Located on US Hwy 17-92, a high-traffic thoroughfare averaging 66,000 vehicles per day, this property benefits from strong tenant synergy within a larger development including Target, Taco Bell, and Steak 'n Shake. The single-tenant, absolute NNN lease with a credit-rated PetSmart boasts a remaining term of 7.8 years, with four 5-year lease options and 7.5% rent increases every five years. The property features a 6.00% cap rate and a substantial NOI of $318,971. Built in 1994 and renovated in 1995, this one-story building sits on a 2.7-acre lot. The lease commenced August 1, 1994, and expires August 31, 2032. The property's location within a dense demographic area, boasting over 241,000 residents and 128,000 employees within a 5-mile radius, and an average household income of $101,254, ensures consistent performance. The Casselberry area exhibits robust growth, with a 1.58% annual population increase and a 6.63% increase since the last census. This investment offers a secure, long-term, high-yield return with a nationally recognized tenant in a prime retail location. The asking price is $5,316,000.

Location Insight

City

Casselberry

County

Seminole

State

Florida

Latitude

28.6707

Longitude

-81.3407

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].