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Net Lease

Sunbelt Rentals - Kissimmee, FL

2982 Michigan Ave, Kissimmee, FL 34744

Listing Price: $4,195,000

Cap Rate
5.60%
Gross SF
6,371
Price/Gross SF
$658.45
Lot Size
1.44 acres
Year Built
2023
Rentable SF
6,371

Investment Overview

Newly Renovated in 2023 | Retrofit Construction
- Fully Built Out to Tenant’s Specifications
• Sunbelt Rentals New Retail Concept
- Format will Compete with Home Depot & Lowe’s
• Located in the Orlando, Florida MSA
- Fastest Growing MSA in State | Top Tourist Destination
• Strategically Positioned in Dense Retail Corridor
- Surrounded by National Retailers and Developments
• Explosive Population Growth | 250,000 5-Mile Demos
- Nearly 65,000 New Residents Between 2021-2022
• Convenient Access to Major Roadway Arteries
- Osceola Pkwy, FL Tpk, Hwy 441, SR 417 & Orange Ave

Investment Highlights

  • Corporate Lease with Sunbelt Rentals, Inc - 2nd Largest Equipment Rental Company in the U.S.
  • Parent Company Ashtead Group | LON: AHT - Investment Grade Tenant | Baa3/BBB-
  • 15-Year NN Lease | Est. Commencement Sept. 2023 - Two Five-Year Options | Minimal LL Responsibilities

Exclusively Listed By

Financing By

Net Lease

Sunbelt Rentals - Kissimmee, FL

Listing Price: $4,195,000

Cap Rate
5.60%
Gross SF
6,371
Price/Gross SF
$658.45
Lot Size
1.44 acres
Year Built
2023
Rentable SF
6,371

Investment Highlights

  • Corporate Lease with Sunbelt Rentals, Inc - 2nd Largest Equipment Rental Company in the U.S.
  • Parent Company Ashtead Group | LON: AHT - Investment Grade Tenant | Baa3/BBB-
  • 15-Year NN Lease | Est. Commencement Sept. 2023 - Two Five-Year Options | Minimal LL Responsibilities

Investment Overview

Newly Renovated in 2023 | Retrofit Construction - Fully Built Out to Tenant’s Specifications • Sunbelt Rentals New Retail Concept - Format will Compete with Home Depot & Lowe’s • Located in the Orlando, Florida MSA - Fastest Growing MSA in State | Top Tourist Destination • Strategically Positioned in Dense Retail Corridor - Surrounded by National Retailers and Developments • Explosive Population Growth | 250,000 5-Mile Demos - Nearly 65,000 New Residents Between 2021-2022 • Convenient Access to Major Roadway Arteries - Osceola Pkwy, FL Tpk, Hwy 441, SR 417 & Orange Ave

Exclusively Listed By

Financing By

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