Cap Rate: 5.50%
Net Operating Income: $120,000
Square Footage: 2,350
This is an absolute net leased C-Store offering in Orlando, FL. The Chevron branded station has a new 20 year absolute NNN lease and calls for 1.75% Annual Increases in rent. The lease is corporately guaranteed by a leading 462-unit operator. This location benefits from its location on a major commercial thoroughfare. Neighboring retailers include Walgreens, CVS Pharmacy, Burger King, Dollar Tree, and many others.
Orlando is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S. Census Bureau figures released in July 2017, making it the 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida. As of 2019, Orlando had an estimated city-proper population of 287,442, making it the 71st-largest city in the United States, the fourth-largest city in Florida, and the state’s largest inland city.