loader
Join Free
Views: 54 DOM: 145 Updated: 09.18.24 Posted: 06.22.24 Status: Active

Summary

Price $10,000,000
Built/Renov 2024
Tenant Floor & Decor (GL)
Cap Rate 5.70%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 80,000
Lease Start 08-01-2024
#Units 221
Price/SF $125.00
Expiration 07-31-2039
Tenant Type Big Box Retail
NOI $570,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $7.13
Increases 10.0%/5/yrs
Pop 5Mi 233,250
Lot/AC 7.08
Options 6/5yrs/10%
AHHI 5Mi $75,296

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 6 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Floor & Decor is strategically located near the signalized, hard corner intersection of Osceola Parkway and Dyer Boulevard, a major retail thoroughfare, with access to a substantial combined daily traffic count of 52,800 vehicles. The property is adjacent to The Loop Kissimmee, a power center anchored by Kohl’s and Bed Bath & Beyond. Additionally, it is near The Crosslands, a center anchored...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Floor & Decor
  • Guarantor:Corp T and Rated
  • Company:Floor & Decor Holdings, Inc
  • # Units:221
  • Tenant S&P: BB
  • Moody’s: Ba3
  • Stock: NYSE: FND

About Tenant

Floor & Decor Holdings, Inc. (dba Floor & Decor) is a leading specialty retailer and commercial distributor of hard surface flooring. The company offers a broad assortment of in-stock hard-surface...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity