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Southport Plaza

3350 W Southport Rd, Kissimmee, FL 34746

Listing Price: $12,825,000

Cap Rate
5.50%
Gross SF
34,161
Rentable SF
34,161
Price/Gross SF
$375.43
Lot Size
3.86 acres
Year Built
2006

Investment Overview

Southport Plaza is situated just off the lighted intersection of two of the main roads in Poinciana. Poinciana is one of the fast-growing areas in Florida with plans for additional road widening and multiple large home developments providing moderate prices. The center is 100% leased with well-established medical-related tenants with a long history with Southport Plaza. These tenants have made substantial investments in their suites and provide 72.8 % on the rental income. All leases are NNN with the reimbursable cost including property tax, building insurance, common area maintenance and property management. These leases contain annual increases. Landlord’s responsibility is for the foundation and structural integrity of the buildings.

Investment Highlights

  • Southport Plaza has excellent visibility with multiple access points located just off the intersection of Poinciana Blvd. and Southport Road.
  • All leases are NNN with the reimbursable cost including property tax, building insurance, common area maintenance and property management.
  • Medical-related tenants with a long history with the center have made substantial investments in their suites and provide 72.8 % on the rental income.
  • Poinciana is one of the fastest-growing areas in Florida with additional road widening and six DRI approved east off Southport Road for over 38,000 homes.

Exclusively Listed By

Financing By

Listing Price: $12,825,000

Cap Rate
5.50%
Gross SF
34,161
Rentable SF
34,161
Price/Gross SF
$375.43
Lot Size
3.86 acres
Year Built
2006

Investment Highlights

  • Southport Plaza has excellent visibility with multiple access points located just off the intersection of Poinciana Blvd. and Southport Road.
  • All leases are NNN with the reimbursable cost including property tax, building insurance, common area maintenance and property management.
  • Medical-related tenants with a long history with the center have made substantial investments in their suites and provide 72.8 % on the rental income.
  • Poinciana is one of the fastest-growing areas in Florida with additional road widening and six DRI approved east off Southport Road for over 38,000 homes.

Investment Overview

Southport Plaza is situated just off the lighted intersection of two of the main roads in Poinciana. Poinciana is one of the fast-growing areas in Florida with plans for additional road widening and multiple large home developments providing moderate prices. The center is 100% leased with well-established medical-related tenants with a long history with Southport Plaza. These tenants have made substantial investments in their suites and provide 72.8 % on the rental income. All leases are NNN with the reimbursable cost including property tax, building insurance, common area maintenance and property management. These leases contain annual increases. Landlord’s responsibility is for the foundation and structural integrity of the buildings.

Exclusively Listed By

Financing By

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