16890 Us-441 Hwy - Freestanding FOR SALE


Mount Dora, FL 32757
$3,915,000 USD
916-934-3172
16890 Us-441 Hwy, Mount Dora, FL for Sale
$3,915,000 USD
Freestanding - FOR SALE
1/2
null | 5.75% Cap Rate

16890 Us-441 Hwy
Mount Dora, FL 32757


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,915,000 USD

PRICE/SF

$783 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,379 SF

ZONING

C-3

APN/PARCEL ID

23-19-26-0004-000-10600

ASK ABOUT THIS PROPERTY

Jack BaughDevelopment Consultants, Inc.More Info
916-934-3172

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Jack BaughDevelopment Consultants, Inc.More Info
916-934-3172

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