Property Details

Sprint/Mattress 1 One

Oviedo, FL
Property ID: 7446

Financial Summary

Asking Price $3,634,000
Cap Rate 6.50%
Net Operating Income (NOI) $236,176
Lease Type NN
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714
Jonathan W. Hipp
President & CEO
703.787.4725

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Highlights

  • 10 year leases with 10% increases every 5 years
  • Outparcel to Lowe’s anchored Oviedo Park Crossing center
  • Located across from Target and the Oviedo Mall, the area’s dominant regional mall
  • Situated at signalized intersection with great visibility on Red Bug Lake Rd
  • Corporately guaranteed leases
  • Average HH income of over $117K within 1 mile of the property
  • Florida has no state income tax

Location

7915 Red Bug Lake Road
Oviedo, FL

Traci BidingerSprint/Mattress 1 One