Sanford is located in central Florida, sitting on the southern shore of Lake Monroe just 27 miles northeast of Orlando and 40 miles southwest of Daytona Beach.
A popular tourist destination, Sanfordâ€™s downtown is known for its retail shops, restaurants, marina, and walking trail that winds along the lakefront.
The population expected to significantly increase 13 percent in the next five years.
The property is ideally located immediately off of I-4, along Hickman Drive.
The property is surrounded by several million square feet of national retailers including McDonaldâ€™s, Cracker Barrel, Jo-Ann Fabrics, Dollar Tree, and Michaelâ€™s to name a few.
Located within a half a mile from the property is The Seminole Town Center which is home to over 120 120 retailers, including Burlington Coat Factory, Dickâ€™s Sporting Goods, and United Artists Theaters to name a few.
Traffic counts on State Route 46 adjacent to the property see traffic counts of 40,500.
At closing, Outback Steakhouse will execute a new 15-year absolute NNN lease with 1.00% annual rent increases.