December 7, 2021 – Dan Bernardini, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Shoppes of West 192 in Kissimmee, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $9,065,000.
Shoppes of West 192 is located at 8085 West Irlo Bronson Memorial Highway in Kissimmee, Florida. The multi-tenant retail center contains 13,128 square feet of gross leasable area and is currently 100% leased to 5 tenants, and consists of a four-tenant retail strip center and a freestanding, NNN ground leased Red Robin Restaurant. The property was built in 2018 with long-term, NNN Leases, and sits on a 2.31-acre corner lot with excellent visibility on West Irlo Bronson Memorial Highway (62,000 cars per day). Shoppes of West 192 features an exceptional location in close proximity to Disney World, with over 60,000 tourist rental units in the surrounding area. Notable retailers drawing consumers and driving traffic to the immediate area around the property include Publix, Olive Garden, Chipotle, Panera, Applebee’s, Hooter’s, Longhorn Steakhouse, Bahama Breeze, Target, Five Below, Ross, Wawa, Texas Roadhouse, Pollo Tropical, Chick-fil-A, Panda Express, TJ Maxx, and many others.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.