2290 Premier Row
Orlando, FL 32809
Conduent Office · Office Property For Sale

NN Lease | The lease is NN. Tenant is responsible for maintaining and repairing nearly all aspects of the subject property, including parking lot and property taxes. Landlord is responsible for building structure. Below Market Rent | The average in-place rental rates in the Orlando market for Class B office space is $19.98/SF. Conduent is paying $11.00/SF which is almost 50% below the market average,offering tremendous upside to a new owner if space were ever to be recaptured and re-tenanted. Fully Leased | Building is 100% occupied by Conduent Business Services, a highly regarded company. The tenant's lease is guaranteed by Conduent Incorporated (NYSE: CNDT); highly ranked by Moodys for its financial strength and performance and was given a Ba3 rating with a "stable outlook". S&P Ratings affirms a BB- rating. Annual Rental Increases | The lease provides for 2.75% rental increases every year for the initial term and first option period. Available Option Periods | Tenant has one (1), one (1) year option and one (1), five (5) year option. Redevelopment Potential | Property has upside potential for future redevelopment due to the excess parking and land.