ASKING PRICE: $6,752,170
CAP RATE: 8.0%
- PRIME RETAIL — Highly visible site within County Crossings Shopping Center along busy U.S. Highway 441 (28K cars ADT). Located 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).
- VARIED TENANT MIX WITH UPSIDE POTENTIAL — Occupied by national and local tenants including Firehouse Subs and AT&T. 1,200 sf available in Retail Building 1 adds upside potential to the deal at 100% occupancy.
- QUALITY INVESTMENT — Minimal landlord responsibilities. No state income tax in FL provides a low tax burden for the investor. Varying rent increases & options to renew.
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