1200 Irlo Bronson Memorial HwySt. Cloud, FL 34771

  • Retail properties
  • 2,406 SF
For Sale
$2,924,000 View listing

Property Details for 1200 Irlo Bronson Memorial Hwy

Year built
2005
Lot size
1.15 AC
Property size (Sq ft)
2,406 SF
Zone code
SI3
Property type
Retail properties
Property subtype
Banks
APN
72631060500010015
APU
72631060500010015

Description

This exceptional investment opportunity presents a freestanding, 3,833 square foot medical retail building in St. Cloud, Florida, currently leased to Heartland Dental, LLC. The property boasts a strong 5.85% cap rate and a substantial net operating income (NOI) of $171,054. The 10-year lease, signed by the corporate entity, includes 10% rent bumps every five years and four, five-year renewal options with identical increases, ensuring long-term, predictable cash flow. Situated on a 1.14-acre lot with 26 parking spaces, the building underwent renovations in 2023. The property benefits from a prime location on a hard-corner, signalized intersection with high daily traffic volume (45,000+ vehicles). The surrounding area features a dense, high-income population exceeding 201,894 residents within a 10-mile radius, further enhanced by nearby residential developments like Hanover Lakes, a 409-home community with convenient access to major theme parks. The tenant's robust financial performance (Heartland Dental's 2022 revenue totaled $1.2 billion) underscores the investment's stability. The property's tenant pays all common area maintenance, minimizing operational responsibilities. Nearby national retailers such as ALDI, Publix, McDonald's, and Starbucks further contribute to the area's strong retail environment. This is a rare opportunity to acquire a high-performing, corporate net lease property with significant long-term growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,033,689
    6.5%
    $954,174
    7%
    $886,019
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,242,958
    Geo Method
    $952,092
  • Alternative Use

    Use
    Valuation
    Residential
    $804,882
    Hospitality
    $737,267
    Educational
    $613,398
    Medical
    $634,493
    Retail
    $954,174
1200 Irlo Bronson Memorial Hwy, St. Cloud, Florida

Location Insight

City
Saint Cloud
County
Osceola
State
Florida
Latitude
28.2454
Longitude
-81.2557
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,872
$669,700
$180,600
$850,300
-
$669,700
$180,600
$850,300

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