Orlando, FL - Northern Tool + Equipment

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Northern Tool + Equipment investment property located in Orlando, Florida. The tenant, Northern Tool & Equipment Company, Inc has 5+ year remaining on their lease. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Northern Tool + Equipment is located along Sand Lake Rd/State Highway 482 (47,500 VPD), just east of the signalized intersection of Sand Lake Rd and Orange Blossom Trail/US 441 (55,000 VPD). Sand Lake Rd is a primary east-west retail thoroughfare serving south Orlando. The Northern Tool sits between ALDI and 7-Eleven pads and directly across from Terrace, a Target- and Lowe’s-anchored center that also features national/credit tenants including Casa and Once Upon a Child. The asset is minutes east of Skyview Plaza, a Marshalls, Ross, Burlington, dd’s Discounts and Five Below anchored center, as well as Orlando Square, anchored by Office Depot/OfficeMax, Ollie’s Bargain Outlet and Ross. In addition, Northern Tool is approximately 1.5 miles east of The Florida Mall, Orlando’s largest shopping destination, anchored by Dillard’s, Macy’s, Dick’s Sporting Goods, Primark and H&M. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, Costco, Home Depot, Best Buy, Tesla, RaceTrac, Dunkin’ and more, further increasing consumer traffic to the site. The subject property is surrounded by the contractor and industrial customer base Northern Tool serves, including Sunbelt Rentals, US AutoForce, FedEx and McKesson, and is in close proximity to Orlando International Airport (410,000+ flights annually). The 5-mile trade area is supported by a population of over 203,000 with an average household income of approximately $99,700.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP0000034wN3YAI