Orlando (Orlando, Florida, US ) Built

$6,104,000 USD
Dollars

IProRealty Ltd, Brokerage

Michael Carter,          Sales Representative Michael Carter, Sales Representative 9052681000 (Office) 4167265703 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Size: 5,530 sq. ft.
  • Development Level: Built
  • Year Built: 2009

Description

Orlando, FL AT&T 4006 Conroy Road, Orlando, FL Cap Rate 5.75%

Cap Rate: 5.75%
NOI: $350,965
Building Size: 5,530 sqft
Occupancy: 100%
Year Built: 2009

Pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, investment grade (S&P: BBB), freestanding, AT&T investment property located in Orlando, Florida. The tenant, New Cingular Wireless PCS, LLC, has over 3 years remaining in their initial term with 1 (5-year) option to extend. The lease is signed by the corporate entity, New Cingular Wireless PCS, LLC, a subsidiary of AT&T Inc. (S&P: BBB), and is NNN with landlord responsibilities limited to roof and structure. Founded in 1983, AT&T is the world’s largest telecommunications company, the largest provider of mobile telephone services, and the largest provider of fixed telephone services in the United States.

AT&T is strategically located at the signalized, hard corner intersection of Conroy Rd. and East Gate Drive, averaging 42,000 combined vehicles passing by daily. The asset benefits from nearby on/off ramp access to Interstate 4 (161,000 VPD), a major commuter thoroughfare that intersects with Florida’s Turnpike (118,000 VPD), an essential north/south toll road for the state of Florida connecting the major cities of Miami, Fort Lauderdale, West Palm Beach, and Orlando. The site is ideally situated as an outparcel to The Mall at Millenia, a 1.11 million SF regional shopping mall anchored by Macy’s, Neiman Marcus, and Bloomingdale’s. The Mall at Millenia is Orlando’s premier luxury shopping destination featuring over 150 retail, dining, and entertainment options. Furthermore, the mall is positioned nearby to Costco Wholesale and Target, two anchors that significantly increase consumer draw to the immediate trade area and promote crossover retail exposure for Old Navy. Other nearby prominent national/credit tenants include Ikea, Hobby Lobby, Total Wine & More, HomeGoods, Nordstrom Rack, The Home Depot, Dick’s Sporting Goods, and more.. In addition, the building is located less than 2.5 miles northwest of Universal Studios Florida, a 840-acre theme park and production studio that had 10.71 million visitors in 2018, making it the 11th most visited amusement park in the world that year. Moreover, the asset is within walking distance to several apartment complexes including Millenia 700 Apartments (297 units), Heritage on Millenia (303 units), and M2 at Millenia (403 units), providing a direct consumer base from which to draw. The 5-mile trade area is supported by nearly 246,000 residents and more than 264,100 daytime employees with an average household income of over $68,500.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Brokered and Advertised by : BAI-MEX Bienes Raíces y Negocios
P2#437569562
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Information is deemed to be correct but not guaranteed.

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