5909 Anno Ave
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5909 Anno Ave
13,257 SF 100% Leased Retail Building Orlando, FL 32809 $5,102,892 CAD ($385 CAD/SF) 5.88% Cap Rate
Investment Highlights
- Fantastic NNN Opportunity in a Growing Market
- Potential to considerably increase the Cap Rate with higher/market rent
- National Tenant with Lease in place through 2027. Corporate guaranty from Tenant
Executive Summary
Wilshire Advisory Group is excited to present a 13,257 SF single-tenant NNN industrial property, currently leased to Spiffy, Inc., located in the dynamic Orlando Airport/Edgewood submarket. Situated just north of Orlando International Airport (MCO), the property offers exceptional connectivity to State Road 528 and the Florida Turnpike. The tenant, Get Spiffy, Inc., is a rapidly expanding national company now operating in 38 U.S. markets. Backed by strong corporate support, Spiffy has raised $32 million in growth funding, including an additional $10 million secured on March 16, 2022. Positioned as a premier provider in the mobile automotive care and maintenance sector, Spiffy is well-positioned to capitalize on an industry projected to reach $250 billion by 2026.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,257 SF
Building Class
C
Year Built
2001
Price
$5,102,892 CAD
Price Per SF
$385 CAD
Cap Rate
5.88%
NOI
$299,993 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.63 AC
Zoning
C-3 - (Wholesale Commercial District - Unincorporated Orange County)
Parking
19 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Pylon Sign
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
PROPERTY TAXES
Parcel Number | 29-2324-8680-01-010 | Improvements Assessment | $2,904,972 CAD |
Land Assessment | $217,259 CAD | Total Assessment | $3,122,231 CAD |
PROPERTY TAXES
Parcel Number
29-2324-8680-01-010
Land Assessment
$217,259 CAD
Improvements Assessment
$2,904,972 CAD
Total Assessment
$3,122,231 CAD
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5909 Anno Ave
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