2711 W Old US Hwy 441, Mount Dora, FL 32757

VALUE-ADD SHOPPING CENTER | 28% OCCUPIED

Golden Triangle Shopping Center consists of three buildings totaling 154,784 square feet, built in

1961-1965, and situated on a large ±21.79-acre parcel. The center is approximately 73% vacant,

offering positive in-place cash flow with a strong value-add component.

SIGNIFICANT UPSIDE POTENTIAL

Leasing the remaining 112,516 SF of vacant space at similar rental rates could potentially add more

than $1.1 million in additional cash flow.

RECENT CAPITAL IMPROVEMENTS

Over the past three years, ownership has invested in meaningful tenant improvements to support

ongoing lease-up efforts.

DEVELOPMENT POTENTIAL

The property includes two vacant parcels positioned for redevelopment. A 0.82-acre lot with

frontage along US Highway 441, formerly a gas station, now demolished with a clear Phase II. An

additional ±0.50-acre parcel is located between Buildings 2 and 3, providing further opportunity for

new development or expansion.

STRONG RENT GROWTH POTENTIAL IN EXPANDING SUBMARKET

The subject property’s average rent of $10.30 per square foot is below the lake County submarket

average of approximately $25.67 per square foot NNN, indicating strong potential upside in rental

income.

PROXIMITY TO MANY NATIONALLY RECOGNIZED RETAILERS

The subject property is directly south of a high-performing Walmart Supercenter, ranking in the top

8% of all locations nationwide. It also benefits from close proximity to Target, Publix, Lowe’s, Hobby

Lobby, T.J. Maxx, Kohl’s, and numerous other national retailers, collectively driving strong and

consistent traffic to the immediate area.

TOP-PERFORMING RETAIL SUBMARKET IN THE ORLANDO METRO

Located in Lake County within the Orlando Metro, the submarket holds the metro’s largest

concentration of retail space and has maintained sub 4% vacancy since 2021, with rent growth

consistently outperforming the market at 4.5% year over year.