Kissimmee, FL - Floor & Decor

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate signed, Floor & Decor investment property located in Kissimmee, Florida (Orlando MSA). The tenant, Floor and Decor Outlets of America, Inc., recently signed a brand new 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The site is set for an August 2023 grand opening. The lease features 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 lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The Floor & Decor is located near the signalized, hard corner intersection of Osceola Pkwy and Dyer Blvd with a combined 52,800 vehicles passing by daily. Osceola Pkwy (31,900 VPD), is a major retail thoroughfare serving the city of Kissimme, Florida. The Floor & Decor is a newly-constructed building, which features a state-of-the-art design and high-quality materials. The asset is adjacent to The Loop Kissimmee, a 324,000 square foot Kohl’s and Bed Bath & Beyond anchored power center. In addition, Floor and Decor is also just down the road from The Crosslands, a 442,000 square foot center anchored by Marshalls, HomeGoods, and Academy Sports. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Target, Publix, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 233,200 with an average household income of $75,635.