100% Occupied Shopping Center (4-Tenant) | Orlando, FL

14522 Landstar Blvd, Orlando, FL 32824, USA
$4,413,732

Description

Marcus & Millichap is pleased to present for sale Lake Trail Center, a 12,600 square foot Shopping Strip anchored by Central Florida Kidney Centers which accounts for 55.5 percent of the GLA and 50.5 percent of the base rental income. Lake Trail Center offers an investor the opportunity to acquire a stabilized asset with 100 percent occupancy in a market with excellent demographics and strong real estate fundamentals.
The property is located 10 miles from Orlando International Airport and is situated between two major retail corridors with good visibility and a traffic count of 31,500 vehicles per day. The area reflects outstanding demographics with a 5-Mile population over 215,000 and average annual household incomes above $69,500. The local area is estimated to experience excellent growth over the next five years of over 13 percent with the population doubling over the last 20 years. Within a two-mile radius of the subject property, the retail vacancy rate is 2.0 percent.
Orlando is sixth-largest metropolitan area in the Southern United States and Florida largest inland city. It is one of the most-visited cities in the world with 76 million visitors prior to the pandemic with the renowned Walt Disney World Resort and Universal Orlando both under 15 miles from the property.
The area surrounding this well- kept plaza includes many national tenants such as Publix Super Market, CVS, Walgreens, Chipotle, Starbucks, 7-Eleven, Wendy’s, Walmart Neighborhood Market, Ross Dress for Less and ALDI among many others.

  • Four (4) Tenant 100% Occupied Retail Plaza
  • Central Florida Kidney Centers | Regional Dialysis Company with Seven Locations
  • Under Market Rents | Average Submarket Rents $34 PSF
  • Large 1.64-Acre Parcel
  • 10 Miles from Orlando International Airport
  • 31,500 Vehicles Per Day
  • Located at Entrance to Hidden Lakes Residential Community
  • Outstanding Demos
  • NNN Leases, Minimal Management, Expenses Reimbursed
  • Florida is a No Income Tax State

Property Documents

  • Lake-Trail-Center-Orlando-FL-om-ib
  • City: Orlando
  • State/county: Florida
  • Zip/Postal Code: 32824
  • Country: United States

Detail

  • Price: $4,413,732
  • Year Built: 2008

Additional details

  • CAP RATE: 5.43%
  • NOI: $239,477

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