1573 Saxon Blvd - Freestanding FOR SALE


Deltona, FL 32725- Deltona Lakes
$6,140,000 USD
312-624-7006
1573 Saxon Blvd, Deltona, FL for Sale
$6,140,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

1573 Saxon Blvd
Deltona, FL 32725
Deltona Lakes


HIGHLIGHTS

  • 100% occupied, neighborhood retail center, shadow anchored by a high traffic Walmart Neighborhood Market, ranked by Placer.AI
  • Positioned at a signalized intersection, with multiple points of ingress and egress, as well as cross access through Walmart’s access points
  • Average rents are comfortably in the mid-$20’s per square foot | All tenants operate on NNN leases and reimburse for management fees
  • High barrier to entry, infill location, surrounded by residential rooftops with virtually no land available for additional retail development
  • Combined average daily traffic counts of 38,900 vehicles per day
  • The Orlando MSA is the fastest growing large metro in the United States, adding roughly 1,500 new residents a week

OVERVIEW

Marcus and Millichap is pleased to present the opportunity to purchase the fee simple interest in a 14,500 square foot neighborhood retail center in Deltona, Florida. The property is 100% occupied by long-term, service-oriented retailers, all of whom have signed multiple lease renewals since taking occupancy. The property is positioned at a signalized intersection and shadow anchored by one of the busiest Walmart Neighborhood Markets in the country. Walmart fully renovated this location in 2025. The tenants are a mix of local and national tenants, an ideal mix of synergistic uses who co-exist in harmony with each other and with the high-volume grocery store around which they orbit. Average rents are comfortably in the mid-$20 per square foot range and all tenants operate on NNN leases which provide for full reimbursement of all operating expenses, including a third party management fee. A new owner should be able to take advantage of strong fixed rent increases, structured into the leases; however, two of the tenants have lease expiries pending within the next 2 years and no renewal options remaining. This is a property that affords the next landlord a clear path to continued rent growth and overall value appreciation. Deltona, Florida is located outside of Orlando, between Orlando and Daytona Beach, frequently ranked as the fastest growing large metro in the United States, adding roughly 1,500 new residents per week. An aerial map of Deltona reveals the sheer density of single-family home development in this municipality, with zero available land left for additional development – whether residential or retail/commercial. This high barrier to entry is what allows the next owner to project continued rent growth over at least a five or ten-year period. There is nowhere else for these tenants to relocate, and no options for new tenants entering the market to gain access to these growing demographics and healthy traffic counts of approximately 38,000 vehicles per day. This is an excellent opportunity to purchase a well-maintained retail asset, with modest in-place rents, in a rapidly growing pocket of the sunbelt. Please reach out to Marcus & Millichap for additional information.

FOR SALE DETAILS

PRICE

$6,140,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saxon Sterling Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

212

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,257 SF

ZONING

BPUD

APN/PARCEL ID

8120-08-00-0020

ASK ABOUT THIS PROPERTY

Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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