3208 FL-44 - Retail FOR SALE


Mount Dora, FL 32757
$4,520,000 USD
813-758-8797
3208 FL-44, Mount Dora, FL for Sale
$4,520,000 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

3208 FL-44
Mount Dora, FL 32757


HIGHLIGHTS

  • Positioned between top-performing Publix and Lowe’s at a major signalized intersection seeing 76,500 vehicles per day.
  • Serves over 41,000 residents with $90,000+ average household incomes and population growth more than twice the Orlando MSA.
  • Newly completed Wekiva Parkway (SR-429) provides faster commutes and direct access to major Orlando MSA employment centers.
  • Durable cash flow derived from 100% best-in-class national and regional tenants boasting average term remaining of 5.6 years.
  • Prime location along highly coveted US 441 retail corridor, a 2.2M SF submarket with just 2.5% vacancy.
  • Florida’s business climate offers no state income tax, no commercial lease tax, and leads the nation in growth and migration.

OVERVIEW

Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Shops at Loch Leven Landing (the ‘Property’), a 7,998 square foot retail strip center strategically positioned in Mt. Dora, Florida, between a top-15% Publix and top-6% Lowe’s near an intersection with 76,500 vehicles per day. The customer base is projected to grow by 16% over the next 5 years—spurred by the completion of the Wekiva Parkway (SR 429) and tremendous growth of industry. Shops at Loch Leven Landing features a blend of coffee, fast-casual dining, and fitness.

FOR SALE DETAILS

PRICE

$4,520,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Loch Leven Landing

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

-

APN/PARCEL ID

1919271100-002-00000

ASK ABOUT THIS PROPERTY

Michael BrewsterColliersMore Info
813-758-8797

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Michael BrewsterColliersMore Info
813-758-8797

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