1415 E SR 50 - Freestanding FOR SALE


Clermont, FL 34711- Johns Lake
$3,890,658 USD
630-570-2238
1415 E SR 50, Clermont, FL for Sale
$3,890,658 USD
Freestanding - FOR SALE
1/9
null | 6.85% Cap Rate

1415 E SR 50
Clermont, FL 34711
Johns Lake


HIGHLIGHTS

  • Built-to-Suit for Verizon Wireless in 2008, with Verizon Wireless Operating at this Location Continuously Since Then
  • Shadow Anchored by Lowe's, Hobby Lobby and Crunch (Coming soon) | This Lowe’s Home Improvement Ranks in the Top 14% of Lowe’s Locations Nationwide
  • Situated on the Signalized, Hard Corner Intersection of Route 50 and Sandhill View Blvd, which sees a Combined Traffic Volume of 51,500 VPD
  • Surrounded by Top Ranked Shopping Centers with National Tenants Attracting Millions of Annual Visitors
  • One of Central Florida's Fastest-Growing Cities
  • Densely Populated and Affluent Trade Area | Average Household Income of $115,586 within a Five-Mile Radius

OVERVIEW

Built in 2008, this Verizon Wireless location has operated continuously for over 15 years and is secured by a net lease with over four years of term remaining. The property is shadow-anchored by major national retailers, including Lowe’s, Hobby Lobby, and Crunch (coming soon), with this Lowe’s ranking in the top 14% of stores nationwide by visits. Situated at a signalized intersection on Route 50 with over 51,500 vehicles per day and just 0.6 miles from Highway 27(47,500 VDP), the site benefits from high traffic exposure. It is surrounded by strong-performing shopping centers, such as Clermont Town Center and Clermont Landing, which attract millions of visitors annually. Located in one of Central Florida’s fastest-growing cities, the population within a five-mile radius has grown over 41% since 2010, with continued strong growth projected.

FOR SALE DETAILS

PRICE

$3,890,658 USD

PRICE/SF

$847 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless | Clermont, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

CROSS STREETS

Sandhill View Blvd.

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

C-2

APN/PARCEL ID

29-22-26-1900-000-00400

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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