1368 Narcoossee Commons South

1368 S Narcoossee Rd, St. Cloud, FL 34771

Description NNN Location The site is located near the intersection of S. Narcoossee Rd and Rummell Rd. just north of Highway 192 and south of Lake Nona. Lake Nona (www.lakenona.com) is home to a vibrant medical community and hospitals, as well as UCF College of Medicine, KPMG National Training campus, the United States Tennis Association Training campus, and more, to draw population from the South past this new commercial center. The site is located only 25 minutes from Orlando International Airport and offers local St. Cloud residents access to dining, beauty services, office, education, and professional services. The traffic count on S. Narcoossee Rd. of 24,500 vehicles per day proves this road is a major thoroughfare that serves as a connector for Highway 192 traveling up into Lake Nona. This location is poised for continued traffic growth with annual population growth in the area predicted to be 2.95% annually for the next 5 years, including over 7,000 homes in various stages of development. With a median net worth within a 5-mile radius of $166,648, this center will continue to deliver the high-end professional and personal services this community demands and offers ideal office opportunities for business owners who want to stay close to home. The Osceola Outlying Submarket in Orlando, as defined by Costar, is a midsized submarket that contains around 2.9 million SF of office space. The vacancy rate at 4.1% is below the 10-year average as of the 3rd quarter of 2022. Net absorption over the past year clocked in at about 68,000 SF, above the five-year average. There are no supply-side pressures on vacancy or rent in the near term, as nothing is currently under construction.

Contact

Broker or Owner Contact
Kathleen Yonce
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1285
Building Size 14963
Site Size (acres)
Zoning
Year Built 2021
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale no
Sale Price 0
For Lease yes
Lease Type NNN
Lease Cost 0

Geographic and Infrastructure

Latitude 28.2687872
Longitude -81.2423434
County Osceola County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider