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8460 - 8478 Palm Parkway - Vista Centre - Vista Center Shoppes, Orlando, FL

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DetailMap
8460 - 8478 Palm Parkway - Vista Centre - Vista Center Shoppes

Orlando, FL 32836-6431 - Tourist Corridor Submarket

(1.2 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1989
Building Size:10,310 SF Land Area:.24 AC (10,454 SF)
Smallest Space:2,620 SF Largest Space:2,620 SF Total Space Avail:2,620 SF Rent/SF/Yr:
$28.00
Parking:Free Surface spaces are available
Features:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,620 SF
$28.00/SF/Yr
Vacant
5 yrs
Retail
 
10650392
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,620 SF
$28.00/SF/Yr
Vacant
5 yrs
Retail
Vista Centre Shoppes is a 98,411 square foot festival retail center
Located in the epicenter of Central Florida in the heart of the nation's top-performing retail submarket

Orlando, fast growing MSA & leading economy in Florida, 2.3M residents and unparalleled global tourism destination with over 62M visitors annually Front Door to Walt Disney World, within minutes of all of the major Walt Disney-area attractions, resorts, and hotels Within 5 miles, avg household incomes of nearly $74,500 and over 81,000 residents, which is expected to grow by an astounding 10% over the next 5 yrs In addition to stated demographics, tourism provides the equivalent of an additional 500,000 residents to the MSA with avg incomes of over $95,000 Irreplaceable location on Palm Parkway with frontage on Interstate 4, which has traffic counts of nearly 200,000 cars per day New Interstate 4 overpass opened 1 mile north of the Property, proposed to be expanded into a full diamond interchange


Holliday Fenoglio Fowler, L.P. (“HFF”), as exclusive broker, is pleased to offer the exceptional opportunity to acquire Vista Centre Shoppes, a 98,411 square foot festival retail center located in the epicenter of Central Florida in the heart of the nation’s top-performing retail submarket.

INVESTMENT HIGHLIGHTS
• Orlando MSA - Fast growing MSA & leading economy in Florida with 2.3 million residents and unparalleled global tourism destination with over 62 million visitors annually
• Front Door to Walt Disney World - Within minutes of all of the major Walt Disney-area attractions, resorts, and hotels and just 3 miles southwest from the Orange County Convention Center and 10 miles west from Orlando International Airport
• Within 5 miles, average household incomes of nearly $74,500 and over 81,000 residents, which is expected to grow by an astounding 10% over the next 5 years
• In addition to stated demographics, tourism provides the equivalent of an additional 500,000 residents to the MSA with average household incomes of over $95,000
• Irreplaceable location on Palm Parkway with frontage on Interstate 4, which has traffic counts of nearly 200,000 cars per day
• New Interstate 4 overpass opened 1 mile north of the Property, proposed to be expanded into a full diamond interchange
• Ideal tenant mix with impressive average sales growth of 14.6% over the last year, yielding an average health ratio of 7.2%.
• Destination anchors including popular Sea Dog Brewing Company, high-grossing Hooters, and flagship Black Fire Bull Brazilian Steakhouse
• Renewal history and leasing momentum with 13 tenants that have renewed at least once and 36,000 square feet of new leases signed since 2012
• Upside in lease-up of 10,664 square feet of vacant space and opportunity to go on “offense” to capitalize on courtyard and spaces with Interstate 4 frontage, incorporating outdoor seating, and activating waterfront areas
• Below replacement cost pricing and unencumbered by existing debt



Newmark Grubb Knight Frank
  
Newmark Grubb Knight Frank


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