820 Balmy Beach Dr - Retail FOR SALE


Apopka, FL 32703- Bear Lake
$8,947,000 USD
631-903-7137
820 Balmy Beach Dr, Apopka, FL for Sale
$8,947,000 USD
Retail - FOR SALE
1/4
null | 4.75% Cap Rate

820 Balmy Beach Dr
Apopka, FL 32703
Bear Lake


HIGHLIGHTS

  • Long-Term Ground-Lease Situated on a Hard-Corner Lighted Intersection amidst the dense retail corridor of Apopka. (Orlando MSA)
  • Strategically positioned asset with immediate access to multiple residential developments and heavy density demographic corridors.
  • Dense Traffic Counts in the immediate area as a result of the main State Road 436 throughfare.
  • Big Box Retail and Gas-Combination provides for immediate self-driven market driver for consumers in the immediate market.
  • Name-Brand Recognition with WAL-MART. (S&P: AA Investment Grade Credit Rating)
  • #1 Retailer in the WORLD with 2.2M +/- registered employees.

OVERVIEW

CBRE is pleased to present the exclusive listing for the Walmart Neighborhood Market & Gas located at 820 Balmy Beach Drive & 806 Balmy Beach Drive, in Apopka, FL. The site consists of 41,952 total square feet of building space and sits on 6.29 acres of land. The current base rent is $425,000. The lease will call for 5% rental escalations throughout the sixteen (16) five-year renewal options. There are presently 12.3 years of term remaining on the initial lease. The subject property benefits from being in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a hard-corner lighted intersection, the subject property is surrounded with the following major tenants in the immediate area; Publix, Hobby Lobby, Burger King, Dollar Tree, Bealls, Ross, Marshalls, as well as many more.

FOR SALE DETAILS

PRICE

$8,947,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Walmart - Neighborhood Market & Gas

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

5.45 AC

LAND SF

237,371 SF

ZONING

-

APN/PARCEL ID

07-21-29-524-0000-0010

ASK ABOUT THIS PROPERTY

631-903-7137

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631-903-7137

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