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Freestanding Verizon Wireless Retail Corridor 1082 FL-436 Hwy 8,200 SF Retail Building Casselberry, FL 32707 $2,732,000 ($333.17/SF) 6.38% Cap Rate
INVESTMENT HIGHLIGHTS
- (NN) Double-Net Lease With Minimal Landlord Responsibilities
- Large Training Store Location (8,200 Sf) For The Price Of A Standard (2,400 Sf) Retail Only Prototype
- Half-Retail Store | Half-Regional Training Facility
- Four Year Term On Initial Lease With One Additional Five-Year Option
- Sub-Market Rent Allowing For Upside Realization
- Highly Trafficked Area | Over 70,000 Vehicles Per Day
EXECUTIVE SUMMARY
Located in Casselberry’s prime retail corridor, this renovated freestanding Verizon Wireless asset offers exceptional visibility and stable income. Positioned at the intersection of Sausalito Blvd and Semoran Blvd, the site features dual frontage and exposure to over 70,000 vehicles daily. The 8,200 SF building sits on a 0.71-acre lot with 44 parking spaces and a strong parking ratio.
Leased to Cellular Sales of Knoxville, a top Verizon Wireless retailer with 770+ locations, the property operates under a double-net lease with minimal landlord obligations. The lease runs through April 2028 with a five-year renewal option and includes 12.5% rent escalations every five years. The site also functions as a regional training facility, reinforcing tenant commitment.
Located less than ten miles from Rollins College, Full Sail University, and Valencia College, the property benefits from a vibrant, educated consumer base and proximity to dense residential neighborhoods, enhancing long-term leasing appeal.
Leased to Cellular Sales of Knoxville, a top Verizon Wireless retailer with 770+ locations, the property operates under a double-net lease with minimal landlord obligations. The lease runs through April 2028 with a five-year renewal option and includes 12.5% rent escalations every five years. The site also functions as a regional training facility, reinforcing tenant commitment.
Located less than ten miles from Rollins College, Full Sail University, and Valencia College, the property benefits from a vibrant, educated consumer base and proximity to dense residential neighborhoods, enhancing long-term leasing appeal.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,200 SF
Building Class
B
Year Built/Renovated
1989/2018
Price
$2,732,000
Price Per SF
$333.17
Cap Rate
6.38%
NOI
$174,302
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.71 AC
Zoning
CG - General Commercial
Parking
44 Spaces (5.51 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Signage
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Verizon
- Retailer
- 8,200 SF
- $21.27
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Verizon | Retailer | 8,200 SF | $21.27 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-21-30-530-0000-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $951,793 |
PROPERTY TAXES
Parcel Number
21-21-30-530-0000-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$951,793
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Freestanding Verizon Wireless Retail Corridor | 1082 FL-436 Hwy
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