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5201 Hamlin Groves TrWinter Garden, FL 34787
Taco Bell Orlando, FL 4.0% Cap
Asset ClassRetail
MSAOrlando
Cap Rate: 4%Deal Size: $2.25 MLease-Term Remaining: 18.3 YearsAccess Data Room
Absolute NNN Ground Lease
overview of deal

Overview

Taco Bell has occupied this newly constructed, 2,600 SF NNN property, featuring one of their latest prototypes, since it was developed in 2023. The property is an outparcel to the Hamlin Town Center, the premier town center serving the affluent suburban communities within Southwest Orlando.

 

Situated at 5201 HamlinGroves Trail, the property boasts visibility along a primary north-souththoroughfare and outstanding co-tenancy, including one of the highest performing grocery anchors in the region, Publix, a Walmart Supercenter, and a 10-screen Luxury Cinema, Cinepolis. Taco Bell executed a new twenty-year ground lease with rent commencing in December 2022. The lease includes four (4) five (5) year options with 10% rent escalations every five years through the initial term and at the beginning of each option period. Taco Bell currently pays $90,000 annually, offering investors an unmatched combination of new construction, premier tenancy, and passive long-term cash flow.

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Investment Highlights

ATTRACTIVE RENTAL INCREASES

10% rent increase every 5-years throughout the initial term and at the beginning of each option period

 

NNN GROUND LEASE

NNN Ground Lease affords investors zero landlord responsibilities and a passive income stream

 

AFFLUENT DEMOGRAPHICS

85,000 People earning over $140,000 within a 5-mile radius

 

EASY ACCESSIBILITY

State Road 429 and future road connections to Lake County drive demand to Hamlin

 

HIGH BARRIER TO ENTRY

Limited commercial opportunities in trade area

 

LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR

Hamlin Town Center boasted 6M visitors in the last 12 months (Placer.ai)

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5201 Hamlin Groves TrWinter Garden, FL 34787

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Listing provided by Revere CRE