911-933 N Central Ave - Retail FOR SALE


Umatilla, FL 32784
$5,000,000 USD
321-295-3998
911-933 N Central Ave, Umatilla, FL for Sale
$5,000,000 USD
Retail - FOR SALE
1/11
null | 7.57% Cap Rate

911-933 N Central Ave
Umatilla, FL 32784


HIGHLIGHTS

  • Grocery Anchored Shopping Center
  • Only shopping center in the trade area
  • Long term tenants
  • NEW ROOF
  • Growth market

OVERVIEW

Anchored by Save-A-Lot, Family Dollar, and Maxy's. This center is uniquely positioned in north Lake County and is the only grocery anchored plaza that serves the city of Umatilla, Altoona, and other towns. The highway 19 frontage, and 7 curb cuts make this center easy to find, and easy to access. This center consists of many long term tenants, Family Dollar and Save-A-Lot have been here since the 1980's. This roof was installed in 2023, and new parking lot lighting installed in 2021. This being 100% occupied with long term tenants, and leases with tenant reimbursements make this property a great investment with minimal landlord responsibilities. Lake County has experienced rapid population growth, nearly 50% since 2010. Retail rent growth is at 4.4%year over year.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

7.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

348

LAND DETAILS

LAND ACRES

9.85 AC

LAND SF

429,066 SF

ZONING

C-2

APN/PARCEL ID

12-18-26-0001-000-00300

ASK ABOUT THIS PROPERTY

Drew ShofnerBluRock Commercial Real EstateMore Info
321-295-3998

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Drew ShofnerBluRock Commercial Real EstateMore Info
321-295-3998

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