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1st Floor - Unit 104
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Retail
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900 SF
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$450,000 USD
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Unit Size: 900 SF
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Condo Use: Retail
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Price: $450,000 USD
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Sale Type: Investment
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Price/SF: $500.00 USD
Description
Unit 104 | 100% Leased | Passive Income Asset
Positioned in the highly sought-after UCF submarket, Unit 104 offers investors a stabilized, income-producing retail condo with a strong tenant and built-in rent growth.
Offered at a revised, investor-friendly price to achieve a 7.4% cap rate based on current lease term NOI.
Sale Notes
Investment Highlights
100% Leased – Investment Only
Year 1 NOI: $31,400
7.4% Cap Rate (1st Term)
Annual Rent Increases: 3%
Long-Term Lease in Place
Low Management, Passive Income
Tenant Overview
The property is leased to Shibam Coffee, a growing specialty coffee brand known for its premium offerings and strong customer following.
?? Tenant Website: www.Shibamcoffee.com
Shibam Coffee brings a unique concept to the market, combining high-quality coffee with a modern café experience—making it a strong draw in a high-traffic retail corridor near UCF.
Lease Summary
Remaining Term: 5 Years
Annual Increases: 3%
Lease Type: Modified Gross Lease (with partial expense pass-through)
Stable Tenant with Proven Concept
Why This Deal Makes Sense
Immediate cash flow from day one
Hedge against inflation with built-in rent bumps
Located in a dense, high-growth Orlando submarket
Ideal for 1031 exchange or passive investors
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Ron Kaplan
Winter Park Commercial Real Estate, LLC
