American Freight Orlando, Florida

$2,954,000
Cap Rate: 6.5%
Closed
SKU: 4116 North Orange Blossom Trail, Orlando, FL 32804
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 6.5%
Land Size: 1.63
Year Built: 1977
NOI: $192,000
Building Size: 24,231 sq ft
Lease Expiration: 10 Years from COE

American Freight has a brand new, 10-Year, Triple Net (NNN) lease along with three, 5-Year renewal options. There are one percent annual rental increases in both base term and option periods plus a corporate guarantee.

American Freight Furniture and Mattress has over 140 stores throughout the United States. Famous manufacturers turn to American freight Furniture and Mattress stores for quick liquidation and disbursement. Their low operating cost saves consumers from paying expensive retail showroom markups for their furniture

American Freight Located off Orange Blossom Trail with a daily traffic count of more than 31,000 vehicles and within close proximity to John Young Parkway with a daily traffic count of more than 52,000 vehicles. American Freight is six miles from downtown Orlando and Valencia College West Campus. American Freight is within close proximity to the University of Central Florida, which is the largest university in the United States by undergraduate enrollment and the second largest in the United States by total enrollment. American Freight is 10 Miles from Seminole State College – Altamonte Springs Campus and Universal Studios Florida. It is 15 miles from the Orlando International Airport, the 13th- busiest airport in the United States and 29th busiest in the world and less than 20 miles from Walt Disney World and Sea World Orlando. Orlando is one of the busiest and most popular tourist areas in Florida, and is best known as “The Theme Park Capital of the World”.

 

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