423 Citrus Tower Blvd - Storefront Retail/Office FOR SALE


Clermont, FL 34711- Minneola
$5,096,000 USD
407-872-0177
423 Citrus Tower Blvd, Clermont, FL for Sale
$5,096,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 5.2% Cap Rate

423 Citrus Tower Blvd
Clermont, FL 34711
Minneola


HIGHLIGHTS

  • High Average Income of $105,471 within 1 min drive time of property
  • Rapidly Growing Submarket with a projected annual growth rate 2.72% through 2028 within five miles of the Property
  • Clermont voted “Best City to Live in Central FL” by Orlando Business Journal Readers Choice for 2017
  • Largest City in Lake County at a population of over 44,800 within the 19 square miles of city limits
  • 2nd Best State for Business in the United States by Chief Executive Magazine (2021)

OVERVIEW

First Capital Property Group is pleased to present 423 Citrus Tower Blvd Units 101-104 Clermont, FL 34711; a 100% occupied office/retail property located within the new Citrus Tower Blvd Office Park development. This asset is anchored by Kids Central Inc. – Florida Lutheran Services a State of Florida funded leader in child welfare support services. Kids Central Inc.’s long term lease at this location reflects its strategic commitment to the growing Clermont market offering investors stable, creditworthy income from a single tenant net-leased facility. Positioned within the Citrus Tower Blvd office/retail condo building, this property benefits from over 300 feet of direct frontage and excellent visibility from Citrus Tower Blvd and Mohawk Road. This property is positioned at the center of a dynamic, mixed-use ecosystem comprised of office, medical, retail, and small-bay flex warehouse users creating a rare convergence of daytime population, employment density, and consumer demand. Strategically located near the Citrus Tower Blvd Publix anchored power center and one mile from Orlando Health’s South Lake Hospital and medical corridor, the property naturally attracts a wide cross-section of people, including professionals, healthcare workers, patients, logistics operators, entrepreneurs, and daily consumers.

FOR SALE DETAILS

PRICE

$5,096,000 USD

PRICE/SF

$709 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citrus Tower Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,935 SF

ZONING

PUD

APN/PARCEL ID

20-22-26-1000-000-00A01,20-22-26-1000-000-00A02,20-22-26-1000-000-00A03,20-22-26-1000-000-00A04

ASK ABOUT THIS PROPERTY

Trey GravensteinFirst Capital Property GroupMore Info
407-872-0177

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Trey GravensteinFirst Capital Property GroupMore Info
407-872-0177

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