• An Award Winning Net Lease & Retail Commercial Real Estate Group

100% Occupied Retail Condominium

935 Oviedo Blvd Suite 1007, Oviedo, FL 32765, USA
$3,382,693

Description

Marcus & Millichap is pleased to present for sale a 12,386 square foot Multi-Tenant Retail Condominium located at ‘Oviedo on the Park’ just outside of Orlando, Florida.
The subject property boasts an excellent line up of quality retail, medical, fitness, and service tenants that will cater and serve thousands of residents, employees, and pedestrians in the area.
‘Oviedo on the Park’ is a brand new plus/minus 44 acre mixedused development project consisting of 277 brand new Class A apartments, restaurants, food halls, retail, exercise trails, dog parks, a $9 million 5-acre community park, and event filled Amphitheater. This prime mixed-use urban center will also benefit from 775 homes on site with over 4,000 people within walking distance, a new 120 room hospital and regional emergency room within a five minute drive, and a 120,000 square foot medical office building directly adjacent to the property. Some of the retailers within the center include Chipotle, Starbucks, Maple Street, Panera, Sprint, and Stretch Zone.
With record-breaking visitor volume and a thriving local economy fueled by one of the nation’s highest population growth, Orlando’s retail demand is continuously strong as the booming population growth fuels increasingly high personal consumption. In addition, the metro is also one of the tightest labor markets in the country, with an unemployment rate that is one of the best in Florida.
This is a rare opportunity to own a highly desirable high-street retail investment with a mixed-used component featuring a true “Live, Work, Play” lifestyle.

KALITEC MEDICAL – PURE BARRE – VAMP’D LASH – EYE AVENUE – BEAUTY WELL

  • Ideal Line-Up of Quality E-Commerce Resilient Tenants
  • Prime Location on Ground Floor of Luxury Condominium Complex
  • Part of a $200 Million mixed used master development encompassing apartments, retail, food hall, entertainment, night life and office in a walkable community
  • Excellent Downtown Central Location
  • Superior Demographics with over 141,000 Full Time Residents | Average HHI = $97,000
  • New Construction (2019) | Attractive Features
  • Minutes away from Orlando International Airport
  • Orlando is the 3rd largest MSA in Florida and the largest tourism destination in the U.S

Property Documents

  • City: Oviedo
  • State/county: Florida
  • Zip/Postal Code: 32765
  • Country: United States

Detail

  • Price: $3,382,693

Additional details

  • CAP Rate: 7.50%
  • NOI: $256,329

Features