ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

County Crossings Local Shops – Lady Lake, FL – NN Lease

13729 & 13751 North U.S. Highway 441

ASKING PRICE: $6,752,170
CAP RATE: 8.0%

PROPERTY HIGHLIGHTS:

  • 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.
  • There are no features available

$6,752,170

22,800 SF

Price:

$6,752,170

Cap Rate:

8.0%

Building Size:

22,800 SF

SF Land Area:

2.91 acres

Current NOI:

$540,173

Lease Type:

NN

Remaining Term:

Varies

Status:

Active

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Allison Kirchner

(919) 391-9902

Download Offering Memorandum
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