9.58 Acre Walmart Outparcel

Land Description

9.58 AC Walmart Outparcel | Orlando MSA | 18% Population Growth.

Marketplace Online Auction July 18-20, 2022

Adj. to 904 Cypress Parkway - Kissimmee, FL 34759

Investment Highlights

±9.58 AC Walmart Outparcel in the Rapidly Growing Community of Kissimmee, Florida

Nearby Traffic Drivers: Walmart, Aldi, Publix, Anytime Fitness, Advance Auto Parts, Lowe's, and more

Zoned Commercial | Osceola County Offers Many Economic Incentive Opportunities Including Fast Track Permitting

±30 miles from Downtown Orlando | ±15 miles from Disney World

Attractive demographics with 5-mile population of ±70,005 and annual household income of ±$65,143

Tremendous 28% growth from 2010-2022 and future double-digit growth anticipated (5-mile radius)

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present a ±9.58-Acre Walmart Outparcel located adjacent to 904 Cypress Parkway (“Property”) in Kissimmee, Florida. The Property is positioned within the area's dominant retail corridor and offers an exceptional investment opportunity for high profile development in the rapidly growing central Florida market.

The Property consists of two parcels totaling 9.58 acres at the intersection of S Doverplum Avenue and Towne Center Drive. The outparcels are adjacent to a +200K SF Walmart anchored regional shopping center with national tenants including Dollar Tree, Davita Kidney Care, Hibbett Sports, Anytime Fitness, Popeye's, Burger King, Sally Beauty, GameStop, T-Mobile, and Checkers. Additional retailers in the area include Lowe's, Aldi, Advance Auto Parts, Sonic, Wawa, Zaxby's, and Publix, further driving consumers to the area. The site benefits from visibility on S Doverplum Avenue with traffic counts of 8,966 vehicles per day and is near the intersection with Old Pleasant Hill Road benefitting from an additional 48,886 vehicles per day.

Kissimmee is the largest city and county seat of Osceola County. Kissimmee has evolved from a transportation hub in the late nineteenth century into one of the top vacation destinations in the world. Tourism and hospitality are at the heart of the local economy. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2022 population of ±70,005 people and average household income of $65,143 within a 5-mile radius. The area has benefited from significant population growth of ±28.77% from 2010-2022 and will continue to benefit from a population that is expanding, with ±18.02% growth projected from 2022-2027 (5-mile radius).

Also available from this seller:

8.0 AC Orlando MSA | 16% Pop Growth

7.43 AC Orlando MSA | 15% Pop Growth

Lowe's 0.7 AC Outparcel | Orlando MSA | 12% Population Growth

Lowe's 3.2 AC Outparcel | Orlando MSA | 12% Population Growth

Lowe's 0.89 AC Outparcel | Orlando MSA | 12% Population Growth

Auctioneer

Lamar P. Fisher

Fisher Auction Company Inc.

License: Au93

Fisher Auction Co: Ab106