The Property is a 5,000 sq. ft. freestanding Pad building in an anchored shopping center situated within one of Mount Dora’s most prominent retail corridors surrounded by national big-box tenants, ensuring long-term stability and value.
NOI is $225,000 in year 1 with the building being 100% leased to a regional medical user with a 10-year true NNN lease with 3% annual increases.
The property is under contract to purchase with a close and rent commencement date of December 1, 2025.
Located directly in front of Ross, TJ Max and Hobby Lobby the building is across from Walmart Supercenter, Chick-fil-A, Aldi, and Target directly in in Mount Dora, main retail corridor.
The tenant Avecina Urgent Care is an expanding North Florida regional medical provider with 20 units, strong financials statements and EBITDA.