Clarcona Shopping Center
Shopping Center at Clarcona | 7.60% CAP | 42,400 SqFt
Marketing description
Sean Glickman, CCIM, Managing Director at Cushman & Wakefield, and Chris Smith, Director of Capital Markets, are pleased to present Clarcona Crossings for sale. This 42,406 SF shopping center, anchored by Dollar General, offers significant value-add potential. Additionally, it benefits from being shadow anchored by a nearby church, which drives substantial traffic to the property.
Investment highlights
The property is located in an Opportunity Zone.
Adjacent 14.48 acres of Multi-Family land is available, separately offered.
Adjacent Amscot is offered at $2,275,000, a 6.25% cap.
Dollar General is a strong anchor tenant which fits well into the local demographics. Tenant requested to sign a new 10 year lease.
Subway has multiple option periods extending their lease until 2043.
Excellent value add potential with multiple tenants rent below market, as well as converting gross leases to triple net. Estimated $280,000 in NOI increase.
Located on the corner of Clarcona Ocoee Road and N Orange Blossom Trail, which see 26,000 AADT and 27,000 AADT respectively.
Strong visibility and access from both Clarcona Ocoee Road and N Orange Blossom Trail.
All tenants are service oriented, e-commerece resilient and recession proof.
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