ASKING PRICE: $20,060,800
CAP RATE: 6.0%
- PRIME RETAIL — Highly visible site along busy U.S. Highway 441 (28K cars ADT) within Lady Lake’s fast-growing economic business area. Adjacent to Lowe’s, with cross-easement, and across from Publix; near other major national retailers including ALDI Supermarket, Walmart & Home Depot.
- EXCELLENT MARKET LOCATION & TRADE AREA — Located 5 miles from The Villages, a master-planned age-restricted community ranked by the U.S. Census as the fastest-growing U.S. city (2013 & 2014). Over 84K people, with an average household income of $63K+, within 5 miles of the property. Convenient Central Florida location provides easy access & close proximity to I-75, the Florida Turnpike and tourist attractions. Part of the Orlando-Kissimmee-Sanford MSA (26th largest MSA in the U.S., 6th largest in the Southern U.S., & 3rd largest in FL).
- STRONG TENANT MIX — Occupied by 19 national, market-leading and local tenants on 6 parcels. Bealls operates 70+ store locations in FL. Chase serves nearly half of America’s households with a broad range of financial services — nearly $43M in deposits at this location. Cracker Barrel was chosen as the Best Family-Dining Restaurant as part of the Nation’s Restaurant News’ 2016 Consumer Picks report. Mattress Firm has the largest geographic footprint in the U.S (3,600+ locations in 49 states) among multi-brand mattress specialty retailers.
- QUALITY INVESTMENT — Minimal to zero landlord responsibilities. No state income tax in FL provides a low tax burden for the investor. Established & recognized tenants with varying rent increases & options to renew.
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