Silver Star Shopping Center
Retail | 8.56% CAP | 61,100 SqFt
Marketing description
Tony Nguyen, CCIM with The TRG Group, is pleased to present this fully occupied retail shopping center in Ocoee, Florida. Encompassing 61,100 SF on 7.87 acres, the property features 24 units with 100% occupancy, providing stable cash flow and a cap rate of 8.56%. All leases are triple net leases, but ownership is not collecting CAM. Positioned in a growing market within the Orlando MSA, the property benefits from robust local demographics, including over 62,000 residents within 3 miles and a median household income exceeding $72,000. Its prime location near other retailers, concentrated traffic counts, ample parking with 231 spaces and development potential for an outparcel make this asset an exceptional investment opportunity. Contact us to learn more about this offering.
Investment highlights
Retail Strip Center Details: 61,100 SF on 7.87 acres, featuring 24 units with 100% occupancy and NNN leases, but Seller is not collecting CAM.
Triple Nets: All leases allow reimbursements of taxes, insurance and maintenance, but ownership is not collecting.
Value-Add Opportunity: CoStar submarket reports show leasing rates above $20 NNN; converting leases to just $14 NNN would increase valuation to over $11M at a 7% cap.
Strategic Location: Strategically positioned in Ocoee, a thriving market in the Orlando MSA, with proximity to major highways, residential developments, 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: Close to Walmart, Target, Lowe's, healthcare facilities, and automotive businesses, driving consistent customer traffic and tenant retention.
High Visibility & Traffic Counts: Located on an intersection with over 15,000 cars per day and 4 points of ingress/egress for easy access.
Ample Parking: 231 parking spaces provide convenience for tenants and customers, enhancing the center’s accessibility.
Development Potential: The excess land provides an opportunity for outparcel development, allowing for additional revenue or enhanced property value.
Value Proposition: With stable cash flow, a strong tenant mix, and significant value-add opportunities, this property represents a compelling investment in a growing market.
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