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28772696
28772697

2820 Doyle Rd, Deltona, FL 32738

CS
FL SL3345472
Cushman and Wakefield
Listed by Cushman and Wakefield
$5,950,000
150 days on market
Updated 72 days ago

Cortland Square

Details
Property Type Retail
Sub Type Shopping Center

Retail

Marketing description

Courtland Square is a 54,752 SF value-add neighborhood shopping center located at 2820 Doyle Rd, Deltona, FL, positioned at a hard-signalized intersection with strong traffic counts (10,600 AADT on Doyle Rd and 6,500 AADT on Courtland Blvd). Situated on ±13.12 acres, the property offers exceptional frontage, ample parking (552 spaces), and multiple access points.

The center is currently significantly under-utilized, with a large vacant anchor box and several vacant pads that present substantial redevelopment potential. Despite historical vacancy, the property remains in good overall condition and is primed for repositioning by a well-capitalized investor.

Surrounded by growing residential communities, expanding commercial corridors, and proximity to major employers—including Halifax Health, Amazon Distribution Center, and Daytona State College (as shown on the 10-mile major employer map, page 11)

—the location is experiencing consistent population growth and strong long-term demand drivers.

Courtland Square is ideally suited for an investor seeking a high-demand value-add opportunity through re-tenanting, demising the big box into junior anchors or inline suites, and developing the available pads. With market rents significantly above current in-place rents and strong demand from medical, service, and neighborhood retail tenants, this center presents a compelling path to stabilization and long-term value creation.

Investment highlights

  1. 54,752 SF retail center with significant value-add upside potential.

  2. Located at a hard-signalized intersection with strong visibility and traffic counts: 10,600 AADT on Doyle Rd and 6,500 AADT on Courtland Blvd.

  3. Large vacant anchor box and vacant pads ideal for redevelopment or multi-tenant demising.

  4. Property has remained in good condition despite extended vacancies.

  5. Tenants currently paying well below market rent, creating immediate rent-increase potential upon re-tenanting.

  6. Inline tenants are service-oriented, aligning with resilient categories.

  7. Multiple new residential communities under construction or in review along Doyle Rd.

  8. Medical groups aggressively expanding throughout Central Florida—excellent candidates for backfilling spaces.

  9. Potential stabilized value exceeds $15M once leased at market rents.

Listing Contacts

CS
FL SL3345472
Cushman and Wakefield
Listed by Cushman and Wakefield

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