151 N Clarke Rd
Ocoee, FL 34761
Retail Property For Sale

KLS Real Estate Services is pleased to exclusively offer a 7,000 SF free-standing Advance Auto Parts located on 1.27 acres. The property is located in Ocoee, Florida, a fast growing western suburb of the Orlando MSA. Orlando has experienced significant population and employment gains in the past few years which in turn has favorably impacted the area's retail sector. Orlando's population grew 3.2% in 2018 to 2.52 million. Orlando's employment grew 4% in 2018. Ocoee is a western suburb of the Orlando MSA located about 12 miles west of the Orlando CBD. Ocoee has grown 163% in population in the past couple decades to approx 46,400 residents and is anticipated to continue to grow at about 2% per year. The avg household income within a one mile radius of the subject is in excess of $75,000. The property is leased to Advance Auto Parts for an initial 15-year term with 3 five-year renewal options at a 5% rent increase per option. There is currently 3.75 years remaining on the original lease term. The tenant is responsible for All Expenses to the property with the exception of Structural building components and Owner's liability insurance. The improvements are in excellent condition and well maintained. The property is surrounded by retail including Publix, Walgreen's, LA Fitness and is located about 1.5 miles north of the White Oaks Mall. Traffic counts along Clarke Road are in excess of 25,000 cars and there is an estimated 38,000 daily cars to the east along SR 438 (Silver Star Rd).