Description
Kohl’s Anchored Retail Center
| Price | $15,800,000 | Cap Rate | 5.50% |
| Building Size | 99,822 SF | Tenancy | Single |
| Price per SF | $158.28 | Year Built | 2007 |
| Property Type | Retail | Lot Size | 10.74 AC |
| Property Sub-type | Free Standing Building | APN / Parcel ID | 19-30-32-506-0000-0050 |
| Property Use Type | Net Lease Investment with 10+ years left on lease |
Net Lease Property Description
This is an offer for sale to qualified investors, the opportunity to purchase an absolute NNN Kohl’ s ground lease property located at 1371 Rinehart Road in Sanford (Orlando MSA), Florida. Kohl’ s is strategically located in a major retail corridor off of Interstate 4 and near a 1.1 million SF regional mall Seminole Towne Center. The corporate guaranteed lease has eleven (11) years remaining and 10% increases every five years during the six (6), five (5) year options.
Sanford is a port city in the central region of Florida. It is the county seat of Seminole County. As of the 2010 census, the city had a population of 53,570. It is a principal city of the Orlando Kissimmee Sanford, FL Metropolitan Statistical Area, which was home to 2,267,846 people as of the 2013 census.
Highlights of Investment Property
- Investment Grade Credit
- Absolute NNN Ground Lease
- Long Term Lease
- Strong Retail Trade Area
- Tax Free State
- Excellent Demographics
Contact us for Commercial Properties For Sale in Florida.
O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com
Sanford, FL 32771 (Seminole County)
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Property ID 377945