Firestone Complete Auto Care

2849 Myers Rd, Kissimmee, FL 34743

Description Fortis Net Lease is pleased to present this 6,578 SF. Firestone Complete Auto Care store located in Kissimmee, Florida. This property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years during the primary term and at each of the five (5 year) options to renew. The store is under construction with rent start and opening on track for July 2024. This Firestone store is highly visible as it is strategically positioned on the corner of Myers Road & Simpson Road seeing 30,000 cars per day, near the signalized intersection of E Osceola Parkway which sees 16,300 cars per day. It is adjacent to a Walmart Neighborhood Market which performs in the top 14% of all grocers in the country! The site is less than a 30 minute drive to all Disney World Parks! The five mile population from the site is 149,073 while the one mile average household income is $71,619 per year, which is ideal for a Firestone. This area is also experiencing great growth with five mile population growth rate at 6.05%. the The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Firestone. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. List price reflects a cap rate of 5.00% based on NOI of $231,216. Kissimmee is not just a city; it's a gateway to adventure. Just a stone's throw away from Walt Disney World Resort, Universal Studios, and other major theme parks, it's a dream destination for families and thrill-seekers alike. The enchantment of the theme parks blends seamlessly with the city's Southern hospitality, creating a unique and unforgettable experience. Beyond the parks, explore the historic charm of Downtown Kissimmee, where brick-lined streets lead to boutique shops, cozy cafes, and local treasures. Here, you can immerse yourself in the rich history of the area and enjoy a delightful blend of modern amenities and old-world charm. As the sun sets, Kissimmee comes alive with a vibrant nightlife scene. From trendy bars to live entertainment venues, there's always something happening. Savor delicious cuisine ranging from classic Southern comfort food to international flavors, reflecting the city's diverse and dynamic character. Highlights Absolute NNN 15 Year Lease | Zero Landlord Responsibilities 5% Rental Rate Increase Every 5 Years 2024 BTS Construction | July 2024 Opening Adjacent to Walmart Neighborhood Market | Ranks in the Top 14% of all Grocers in the Nation (5,283 / 38,086) Near Signalized Corner of E Osceola Parkway (16,300 VPD) Corner Location on Myers Rd & Simpson Rd (30,000 VPD) 5 (5 Year) Options | 5% Rental Increase At Each Option One Mile Household Income $71,619 Five Mile Population 149,073 | Expected Growth 6.05% Less than 30 Minute Drive to all Disney World Parks Surrounded by Residential | High Growth Area

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