Newly built shopping center, Orlando, United States

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Newly built shopping center, Orlando, United States

$4,241,000
$6,785 /m²
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  • Total area
    625 m²
  • Yield
    6.3%
  • Built in 
    2017
Details
Property parameters
  • Land area: 2,468 m²
  • 1-floor building
Financial performance
  • Annual income: $220,336
Tenants
  • Fully let

The one-storey building with commercial premises.

Description

Total area of the property is 625.6 m².

The plot size is 2,468 m².

The property was built in 2017.

Building Class B.

All areas are leased out.

Financial performance

The cost of the property is 4,241,000 $.

Absolute annual income is 265,063 $.

The current yield of 6.25%.

Tenants

Tenants are:

  • The American chain of fast food restaurants, numbering more than 200 restaurants in the US.
  • A large mobile operator in the US, whose annual turnover exceeds $ 80 billion.
  • A large retail company with more than 300 stores in the US.

New lease contracts are concluded for 5–10 years. Two of them provide for 10% indexation of the lease for 6 years from the date of the conclusion.

Type of rent: NNN lease.

Location and nearby infrastructure

The property is located in 1.3 km west of Interstate 4. The site is located one block of Sodo Shopping Center.

Orlando is ranked as the 27th fastest growing city by the US Consensus Bureau due to its explosive growth and development in new neighborhoods.

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