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Net Lease

FlowersFoods

4301 N Pine Hills Rd, Orlando, FL 32808

Listing Price: $1,290,000

Cap Rate
5.95%
Lot Size
2.43 acres
Year Built
2001
Rentable SF
7,324

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant last mile distribution center containing Flowers Foods (the “Property” or “Asset”) located in Orlando, Florida. Flowers Foods is the second largest operator in the baking industry, with interests in multiple brand names, including Wonder Bread, Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Tastykake and more. Flowers Food has investment grade credit (S&P BBB, Moody’s Baa2) and is publicly traded (NYSE: FLO) with a $5.4 billion market capitalization. The Asset serves as a local distribution facility for Flower Foods’ products and also has a small retail storefront where the Tenant operates a bakery outlet that sells discounted baked goods that have been removed from retail shelves. The lease features a long term commitment with a double net lease structure and 5.0% increases every 5 years over the term. The Property is positioned on Pine Hills Drive, a heavily traffic north / south arterial running through northwest Orlando. The area is mature and densely populated, consisting of 35,000 households within 3 miles of the asset. This offering presents the rare opportunity to acquire a stabilized industrial asset with a fairly passive ownership structure for over 6.5 years and outstanding security in the value of the underlying real estate.

Investment Highlights

  • The Asset has just over 6.5 years of firm term remaining with a 5.0% escalation upcoming, allowing for a low maintenance investment structure with income appreciation consistently over the term
  • Low price point to acquire a desirable industrial cross docked distribution asset
  • Investment grade credit tenancy

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $1,290,000

Cap Rate
5.95%
Lot Size
2.43 acres
Year Built
2001
Rentable SF
7,324

Investment Highlights

  • The Asset has just over 6.5 years of firm term remaining with a 5.0% escalation upcoming, allowing for a low maintenance investment structure with income appreciation consistently over the term
  • Low price point to acquire a desirable industrial cross docked distribution asset
  • Investment grade credit tenancy

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant last mile distribution center containing Flowers Foods (the “Property” or “Asset”) located in Orlando, Florida. Flowers Foods is the second largest operator in the baking industry, with interests in multiple brand names, including Wonder Bread, Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Tastykake and more. Flowers Food has investment grade credit (S&P BBB, Moody’s Baa2) and is publicly traded (NYSE: FLO) with a $5.4 billion market capitalization. The Asset serves as a local distribution facility for Flower Foods’ products and also has a small retail storefront where the Tenant operates a bakery outlet that sells discounted baked goods that have been removed from retail shelves. The lease features a long term commitment with a double net lease structure and 5.0% increases every 5 years over the term. The Property is positioned on Pine Hills Drive, a heavily traffic north / south arterial running through northwest Orlando. The area is mature and densely populated, consisting of 35,000 households within 3 miles of the asset. This offering presents the rare opportunity to acquire a stabilized industrial asset with a fairly passive ownership structure for over 6.5 years and outstanding security in the value of the underlying real estate.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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