10 N Summerlin Ave - Apartments CONDO FOR SALE


Orlando, FL 32801- Thornton Park
$9,200,000 USD
904-505-5282
10 N Summerlin Ave, Orlando, FL for Sale
$9,200,000 USD
Apartments CONDO - FOR SALE
1/21
null | 6.23% Cap Rate

10 N Summerlin Ave
Orlando, FL 32801
Thornton Park


HIGHLIGHTS

  • Starbucks-anchored | 100% NNN-leased to 9 experience-driven food, beverage & fitness tenants
  • All tenants reimburse taxes, insurance, CAM, management & HOA charges — fully passive structure
  • Adjacent to Lake Eola (2.3M annual visitors) on a signalized corner with 19,000+ VPD
  • $111K avg. household income within 1 mile | 55,000+ daytime population | 6,400+ multifamily units nearby
  • Minimal land basis on 0.545 AC creates outsized depreciation shield with cost segregation upside

OVERVIEW

• All nine tenants operate under triple-net (NNN) leases with rent escalations and renewal options, providing predictable income growth. • Tenants reimburse landlord for property taxes, insurance, CAM, maintenance, and management fees, creating a passive, low-management investment structure. •Ownership benefits from defined exposure through the condo structure, with shared responsibility for major systems including garage, roof, and building infrastructure • Diversified tenant mix serving Downtown Orlando’s dense residential and professional population. • Located in Thornton Park, one of Downtown Orlando’s premier walkable retail corridors, just steps from Lake Eola and surrounded by luxury apartments, offices, and nightlife. • Strong foot traffic and visibility along Summerlin Avenue (19,000+ vehicles per day) serving an affluent Downtown Orlando population with average household incomes exceeding $111,000, supporting consistent tenant demand. • Stabilized urban retail investment in one of Orlando’s most supply-constrained and desirable submarkets.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

6.23%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Thornton Park Central Retail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

19,991 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

340

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

PD/T

APN/PARCEL ID

25-2229-8642-00-050,25-2229-8642-00-060,25-2229-8642-00-130,25-2229-8642-00-150,25-2229-8642-00-180,25-2229-8642-00-190,25-2229-8642-00-200,25-2229-8642-00-260,25-2229-8642-00-320,25-2229-8642-00-410,25-2229-8642-00-490,25-2229-8642-00-530

ASK ABOUT THIS PROPERTY

Samuel GaslinLee & Associates Central FloridaMore Info
904-505-5282

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Samuel GaslinLee & Associates Central FloridaMore Info
904-505-5282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.