1340 South Narcoossee Road, St. Cloud, FL 34771, USA

St. Cloud, Florida

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Total Square Feet

±55,396

Asking Price

$29,218,000

NOI

$1,826,879

Occupancy

87.1%

Narcoossee Commons is a 34-unit, six-building, unanchored retail center spread across two separate parcels. The asset is 87.1% occupied by a diverse mix of professional service, medical, and retail tenants
29 of the 30 tenants have NNN leases, helping stabilize the cash flow by reducing landlord responsibilities at the property. Of the 30 occupied units, 26 units have leases with annual rent increases ranging from 2-5%, providing increasing NOI as a hedge against inflation
The six buildings were newly constructed in 2021 and 2025, reducing the likelihood of large capital expenses in the near future
Approximately 75,000 existing and upcoming residential units within the immediate area
St. Cloud City Planning estimates continued expansion to approximately 108,000 residents by 2050
The city of St. Cloud’s population more than doubled from 2010 to 2025, with high residential and job growth exceeding the national average
The property is located just outside Orlando, FL, less than 30 minutes from Orlando International Airport (MCO), 40 minutes to University of Central Florida (UCF), and 40 minutes to Disney World