Kissimmee, FL - Mattress Firm & Deca Dental

2711 E Irlo Bronson Memorial Hwy, Kissimmee, FL 34744

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, 2-tenant investment property located in Kissimmee, Florida. The 2-tenant, Deca Dental Management, LLC and Mattress Firm, Inc., recently signed brand new 10-year NNN leases with 2 (5-year) options to extend, demonstrating their commitment to the site. Both leases feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The newly-constructed building features a state-of-the-art design with high-quality materials. The property is strategically located along State Hwy 192 & 441 which averages over 48,000 vehicles per day. The site benefits from nearby direct on/off ramp access to the Florida Turnpike, a major thoroughfare serving the state of Florida averaging over 43,100 VPD. The subject property is ideally situated as an outparcel to St. Cloud Commons, a 190,000 SF center anchored by a Marshalls, Ross Dress for Less, Old Navy, and a Petsmart. Furthermore, the subject property is ideally located in a dense retail corridor with numerous nearby national/credit tenants including Walmart Supercenter, Publix, Advance Auto Parts, Dollar Tree, Dollar General, Pepboys Auto, Dunkin Donuts, and many more. In addition, the site benefits from close proximity to Orlando Health St. Cloud Hospital (84 Beds), further increasing consumer traffic to the site. The 5-mile trade area is supported by over 109,000 residents and 26,000 employees, providing a direct consumer base from which to draw. Residents with a 5-mile radius of the subject property have an average household income of $76,354. The current metro population of Kissimmee is 568,000, a 3.46% increase from 2021. Kissimmee has been growing relatively quickly at a rate of 61.6% since 2000 with a population density of 2,816 people per square mile.

Contact

Broker or Owner Contact
Matthew Mousavi
,
Phone: (714) 404-8849
matthew.mousavi@srsre.com
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1389
Building Size 5860
Site Size (acres)
Zoning
Year Built
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 yes
Sale Price 3912000
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.2647474
Longitude -81.3317547
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