6410 Clarcona Ocoee RdPine Hills, FL 32818

Property Details for 6410 Clarcona Ocoee Rd

Year built

2019

Lot size

1.08 AC

Property size (Sq ft)

8,380 SF

Zone code

RSTD C-1

Property type

Retail space

APN

36-21-28-0000-00-055

APU

362128000000055

Description

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 6410 Clarcona Ocoee Rd, Pine Hills, FL 32818. The property boasts 8,380 square feet on a 1.08-acre lot and was built in 2019. Currently operating under a corporate guarantee, the lease features a remaining term of 4.4 years with six, 5-year options, each including a 5% rent increase. The property generates a strong NOI of $129,000, resulting in a 7.00% cap rate. The asking price is $1,842,000. This Family Dollar store is a top performer, ranking in the 97th percentile nationally, within Florida, and in a 30-mile radius. The location benefits from strong demographics, with a one-mile radius population of 12,280 and an average household income of $73,543. The three-mile radius boasts a population of 97,908 and an average household income of $69,894. This investment is backed by Dollar Tree/Family Dollar, a Fortune 500 company with an S&P investment-grade credit rating of BBB, operating over 16,340 stores across 48 states and Canadian provinces. The minimal landlord responsibilities associated with the net lease structure make this a low-maintenance, high-return investment. The property's location in Orlando, a city experiencing rapid population growth, further enhances its long-term value and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,906,223

  6.5%

  $1,759,591

  7%

  $1,633,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,316,097

  Geo Method

  $3,316,097

• Alternative Use

  Use

  Valuation

  Residential

  $1,484,281

  Hospitality

  $1,359,593

  Educational

  $1,131,166

  Medical

  $1,170,068

  Retail

  $1,759,591

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.6114

Longitude

-81.4694

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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