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1516 Rinehart Rd
Sanford, FL 32771
Aspen Dental, Vitamin Shoppe, Mattress Firm · Retail Property For Sale
Investment Highlights
- 100% Occupied Freestanding Three-Tenant NNN Retail Investment; All Corporate Leases
- All three tenants exercised their first options to extend for five years, showing their commitment to the location
- Corporate Mattress Firm: Corporate guaranteed lease
- Long-standing successful operating history – all three tenants are original tenants at the property (~12 years)
- Corporate Aspen Dental: Aspen Dental is the #2 largest dental service provider in the U.S. with over 1,100 locations in 45 states
- Corporate Vitamin Shoppe: The Vitamin Shoppe has over 640 company-operated retail stores under The Vitamin Shoppe and Super Supplements banners
Executive Summary
100% Occupied 3-Tenant Pad | Long-Term Occupancy (~12 Years) | Orlando MSA; 3 Million People
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,700 SF
Building Class
B
Year Built
2014
Price
$6,135,000
Price Per SF
$632.47
Cap Rate
6.35%
NOI
$389,598
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.06 AC
Frontage
97’ on Rinehart Rd
Property Taxes
| Parcel Number | 29-19-30-514-0000-0120 | Improvements Assessment | $2,745,496 |
| Land Assessment | $817,724 | Total Assessment | $3,563,220 |
Property Taxes
Parcel Number
29-19-30-514-0000-0120
Land Assessment
$817,724
Improvements Assessment
$2,745,496
Total Assessment
$3,563,220
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