4304 Clarcona Ocoee RdOrlando, FL 32810

Property Details for 4304 Clarcona Ocoee Rd

Year built

2007

Lot size

0.99 AC

Property size (Sq ft)

3,200 SF

Zone code

AC-1/W

Property type

Retail properties

Property subtype

Retail space

APN

32-21-29-1359-00-050

APU

322129135900050

Description

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.

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.6122

Longitude

-81.4329

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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