Orlando, FL - SRS Distribution

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, SRS Distribution investment property located in Orlando, Florida. The tenant, SRS Distribution, Inc., has approximately 7 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The second option will start at fair market value. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. SRS Distribution is one of the fastest-growing distributors of building products in the United States, with over 760 locations across the country. SRS Distribution was recently purchased by The Home Depot for approximately $18.25 billion.

SRS Distribution is conveniently located right off of Interstate 4, averaging over 183,000 vehicles passing by daily. The property is located in one of the largest industrial areas in Orlando, and located less than half a mile from SODO Shopping Center, a mall complete with retail, fine dining, and apartments. The center is also equipped with a 206,000+ square foot Super Target. The asset is located approximately 3 miles from downtown Orlando and less than a mile from the city’s medical district. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart, TJ Maxx, Publix, Office Depot, Dollar Tree, Ross, Chick-fil-A, and many more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The site benefits from excellent visibility via significant street frontage. The 5-mile trade area is supported by a population of over 319,000 with an average household income of $97,610.