Sage Dental
Closed12990 Tanja King Blvd, Orlando, FL 32828
Property type
Retail
Unit / Space count
1
Price
$3,056,940
Building size
4,023 sf
Rentable area
4,023 SF
Year built
2005
Year renovated
Occupancy
Zoning code
Lot size
0.50 Acres
Sold/status
Sold · Date unknown
Sale price
$3056940
Property description
Franklin Street is pleased to present Sage Dental located within the Avalon Park master planned community in Orlando, Florida. The property sits at the intersection of Tanja King Blvd and Avalon Park Blvd, which sees a combined 25,500 AADT. Publix Super-Market is another main attraction along Avalon Park Blvd. which attracts 1.1M visits annually, with a typical visitor personal income between $100K-$125K. Sage Dental has 10 years remaining on their current lease, coupled with 12% rent increases every 5 years. Overall, this asset presents an excellent opportunity for a passive investor to own a low maintenance asset within a strong submarket in Orlando, FL.
Property highlights
- Brand new 10 year NNN lease with strong 12% rent escalations every 5 years throughout the base term and option periods
- Corporately Guaranteed lease with over 90 current locations which is expected to grow to 120 locations by year end 2022
- Avalon Park is 1,860 acre master planned community which features 1,400+ multifamily units planned or built, 3,400+ single family homes planned or built and $500,000+ SF of commercial space
- Situated directly across from Publix (1.1 million visits over the past 12 months, via Placer.ai), CVS, Fairwinds Credit Union, 7-Eleven, Goodwill, and Subway
- Convenient cross-parking access is available throughout the planned development along with six exclusively dedicated tenant parking spaces
- Newly renovated building with extensive medical infrastructure being added by the tenant
- The surrounding area boasts an average household income of over $100,000 and is expected to see an increase in population by 8% by 2025
- Well suited at a hard corner intersection in downtown Avalon
- Florida has no state income tax