Retail Strip Center Details: 61,100 SF on 7.87 acres, 24 fully leased units, 70% of leases expiring in 2025 without renewal options. |
Triple Nets: All leases allow reimbursements of taxes, insurance and maintenance, but ownership is not collecting. |
Value-Add Opportunity: CoStar reports show leasing rates above $20 NNN; converting leases to $14 NNN boosts valuation to $11M+ at a 7% cap. |
Strategic Location: Strategically located in Ocoee, a growing Orlando MSA market near major highways, residential areas, and commercial hubs. |
Strong Demographics: Over 4,400 residents within a 1-mile radius and 62,000+ within 3 miles, with a median household income exceeding $72,000. |
Proximity to Key Anchors: Near major retailers and businesses, ensuring steady traffic and tenant retention. |