Skip to main content

Department Store

Conn's Home Plus w/ New 10 Year Net Lease | Prime Orlando Retail

1631 Florida Mall Ave, Orlando, FL 32809

Listing Price: $10,997,670

Cap Rate
5.75%
Tenant Name
Conn's
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
45,169
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.00

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in a prime Conn’s Home Plus, net leased investment located at 1631 Florida Mall Avenue, Orlando, FL 32809 (the “Property”). Renovated in 2021, subject to a brand new 10 year lease expiring April 30, 2031, the Property comprises a +/- 45,169 SF building on a highly visible +/- 5.42-acre parcel, that is strategically positioned to be easy to access nearly 67,000 vehicles per day at the intersection of Orange Blossom Trail and August Lane, directly across from the Florida Mall, a 1.8M SF mall that sees over 20 million visitors annually and comprises of over 250 stores. The Property benefits from it’s highly visible location, easy ingress and egress, huge parking lot, easy accessibility, and convenient location in a strong commercial and residential area located in Orange County, Florida. The area is dense, located within 8-miles of Orlando International Airport, 7 miles from Interstate 4 with over 204,000 vehicles per day, 80 miles from Tampa, FL, 147 Miles from Jacksonville, FL, and 226 Miles from Miami, FL. The daytime population within 5 miles of the subject is 331,000, the population is 188,000 people, the average household income within five miles is over $68,000 with over 70,000 households.

Investment Highlights

  • Subject is a Recently Renovated Freestanding Building Featuring 45,169 Square Feet of GLA on a 5.42-Acre Hard Corner Lot with 226 Parking Spaces and Pylon Signage | Highly Visible Location
  • Net Lease with Minimal LL Responsibility | 10-Year Blended Cap Rate of 6.15% and Ten Percent Increases in Options
  • Strategically Located at Entrance to The Florida Mall, a 1.8M-Square-Foot Super Regional Mall with Over 250 Stores, Anchored by Six Tenants Including Dillard's, Macy's and More
  • Largest Mall in Central Florida Attracts Over 20M Visitors Annually
  • Corporate Tenant Conn's HomePlus is One of the Main Consumer Goods Retailers in the U.S., with Over $1.5 Billion in Revenue and Approximately 4,500 Employees Throughout the Country
  • Conveniently Located Less Than Two Miles from the Sand Lake Road SunRail Station, a Central Florida Commuter Train that Serves Over 1.5 Million Riders Annually and an Average of 6,300 Riders Daily
  • Robust Traffic Counts | Located at the Southeast Corner of Orange Blossom Trail (67,000 VPD) and Sand Lake Road (46,500 VPD), Near the Beachline Expressway (96,000 VPD) and Florida's Turnpike (112,000 VPD) (Source: Florida DOT)
  • Well Established Retail Corridor | Nearby National Tenants Include Best Buy, Barnes & Noble, Burlington Coat Factory, Dillard's, Office Depot, Home Depot, Walgreens, Publix, Waffle House, and Many More

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Department Store

Conn's Home Plus w/ New 10 Year Net Lease | Prime Orlando Retail

Listing Price: $10,997,670

Cap Rate
5.75%
Tenant Name
Conn's
Years Remaining On Lease
9.6
Guarantor
Corporate Guarantee
Rentable SF
45,169
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.00

Investment Highlights

  • Subject is a Recently Renovated Freestanding Building Featuring 45,169 Square Feet of GLA on a 5.42-Acre Hard Corner Lot with 226 Parking Spaces and Pylon Signage | Highly Visible Location
  • Net Lease with Minimal LL Responsibility | 10-Year Blended Cap Rate of 6.15% and Ten Percent Increases in Options
  • Strategically Located at Entrance to The Florida Mall, a 1.8M-Square-Foot Super Regional Mall with Over 250 Stores, Anchored by Six Tenants Including Dillard's, Macy's and More
  • Largest Mall in Central Florida Attracts Over 20M Visitors Annually
  • Corporate Tenant Conn's HomePlus is One of the Main Consumer Goods Retailers in the U.S., with Over $1.5 Billion in Revenue and Approximately 4,500 Employees Throughout the Country
  • Conveniently Located Less Than Two Miles from the Sand Lake Road SunRail Station, a Central Florida Commuter Train that Serves Over 1.5 Million Riders Annually and an Average of 6,300 Riders Daily
  • Robust Traffic Counts | Located at the Southeast Corner of Orange Blossom Trail (67,000 VPD) and Sand Lake Road (46,500 VPD), Near the Beachline Expressway (96,000 VPD) and Florida's Turnpike (112,000 VPD) (Source: Florida DOT)
  • Well Established Retail Corridor | Nearby National Tenants Include Best Buy, Barnes & Noble, Burlington Coat Factory, Dillard's, Office Depot, Home Depot, Walgreens, Publix, Waffle House, and Many More

Investment Overview

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in a prime Conn’s Home Plus, net leased investment located at 1631 Florida Mall Avenue, Orlando, FL 32809 (the “Property”). Renovated in 2021, subject to a brand new 10 year lease expiring April 30, 2031, the Property comprises a +/- 45,169 SF building on a highly visible +/- 5.42-acre parcel, that is strategically positioned to be easy to access nearly 67,000 vehicles per day at the intersection of Orange Blossom Trail and August Lane, directly across from the Florida Mall, a 1.8M SF mall that sees over 20 million visitors annually and comprises of over 250 stores. The Property benefits from it’s highly visible location, easy ingress and egress, huge parking lot, easy accessibility, and convenient location in a strong commercial and residential area located in Orange County, Florida. The area is dense, located within 8-miles of Orlando International Airport, 7 miles from Interstate 4 with over 204,000 vehicles per day, 80 miles from Tampa, FL, 147 Miles from Jacksonville, FL, and 226 Miles from Miami, FL. The daytime population within 5 miles of the subject is 331,000, the population is 188,000 people, the average household income within five miles is over $68,000 with over 70,000 households.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower