Discount Tire Ground Lease US HWY 27 7,020 SF Retail Building Clermont, FL 34714 $4,112,000 ($585.75/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot
- 10% rental increases every five years, enhancing investor returns
- 20-year primary lease term with multiple renewal options, ensuring long-term stability
- Lease backed by Halle Properties, LLC, affiliated with Discount Tire, a market leader in tire and automotive services
EXECUTIVE SUMMARY
Situated at SWC of US Hwy 27 & Corner Center Dr, Clermont, FL, in a high-visibility, high-traffic retail corridor. Built in 2024, the 7,020 SF facility is designed for high customer throughput and operational efficiency. Tenant assumes full responsibility for taxes, insurance, and all maintenance, creating a passive income opportunity for investors. 10% rental increases every five years, ensuring steady NOI growth throughout the lease term. Population within 3 miles has grown 125.7% since 2010 and is projected to continue strong growth. Adjacent to Walmart, Lowe’s, Chick-fil-A, Starbucks, Chipotle, and other national tenants, enhancing consumer traffic.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,020 SF
Building Class
B
Year Built
2024
Price
$4,112,000
Price Per SF
$585.75
Cap Rate
4.50%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.85 AC
Zoning
C1
Parking
45 Spaces (6.41 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 35-24-26-0004-000-04500 | Improvements Assessment | $0 |
| Land Assessment | $1,394,380 | Total Assessment | $1,394,380 |
