Overview

Description

Build-to-Suit Construction on Over-Sized 1.62±AC Parcel | Brand-New Corporate-Signed 15-Year Lease with Four (4), 5-Year Extension Options | Notably Above Average Rent

Lease Features a six (6) percent Rental Increase in Year 11, and at beginning of each Renewal Option Period | Investment Grade Tenant, Rated 'BBB' by S&P / BAA1 (Moody's) [Nasdaq: ORLY]

The property is located on S Orange Blossom Trail, a major thoroughfare in Kissimmee, FL, known for its high traffic volume and visibility. The area also offers convenient access to major highways, with Interstate 4 and the Florida Turnpike nearby, providing easy connectivity to other parts of the state and beyond.

The area surrounding the property is home to several national and regional retailers, including Walmart Supercenter, Target, Lowe's, and Best Buy, indicating a strong consumer base and demand for commercial space.

Osceola County is the 7th Fastest Growing County in the U.S. and 2nd Fastest Growing County in Florida. Site is also located a few miles away from #1 Fastest Growing County in FL [Polk County].

Highlights

• Property Overview: Build-to-Suit Construction on Over-Sized 1.62±AC Parcel | Brand-New Corporate-Signed 15-Year Lease with Four (4), 5-Year Extension Options | Notably Above Average Rent
• Tenant Security: Lease Features a six (6) percent Rental Increase in Year 11, and at beginning of each Renewal Option Period | Investment Grade Tenant, Rated 'BBB' by S&P / BAA1 (Moody's) [Nasdaq: ORLY]
• Prime Location: The property is located on S Orange Blossom Trail, a major thoroughfare in Kissimmee, FL, known for its high traffic volume and visibility. The area also offers convenient access to major highways, with Interstate 4 and the Florida Turnpike nearby, providing easy connectivity to other parts of the state and beyond. Direct Frontage to US HWY 17 providing Exposure to Over 29,500±Vehicles per Day [South Orange Blossom Trail / US HWY 17 - 92].
• Strong Demographics: Osceola County is the 7th Fastest Growing County in the U.S. and 2nd Fastest Growing County in Florida. Site is also located a few miles away from #1 Fastest Growing County in FL [Polk County].
• Recession-Resistant Business Model | Essential Retailer: Auto parts stores historically perform well in all phases of the market cycle due to unwavering demand credited to the 281.9 million vehicles on the roads in the United States. On average, Americans drive 12,000 miles each year and spend 1.5% of their household income on car repairs for two vehicles. In 2020, auto parts stores were deemed essential retailers primarily due to the importance of keeping emergency vehicles and cars for essential workers running properly.

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