Verizon NNN leased pad with Future Redevelopment Upside
2.56 acres Future Development Site
Marketing description
This Verizon ground lease offering presents a rare income producing land play within the heart of the affluent Heathrow/Lake Mary—one of Florida’s most affluent and supply-constrained submarkets. Situated on a 2.56-acre parcel along the highly trafficked International Parkway corridor, the property generates strong in-place cash flow while preserving long-term flexibility for future redevelopment. With excellent visibility, multiple access points, and surrounding high-income residential and multiple fortune 500 companies, the site is well-positioned for future medical office, experiential retail or mixed-use development, offering investors both an in-place income as well as an excellent upside potential.
Investment highlights
Strong In-Place Cash Flow: Annual net income of $262,440, totaling $1,574,640 over the next five years
Covered Land Play: Ideal opportunity to generate income while planning entitlement and development
Future Development Optionality: Highly desirable site for private or public hospital, medical office building, office condos, or high-end restaurant uses
Potential Early Lease Buyout: Opportunity for accelerated value realization upon redevelopment readiness
Prime Location & Exposure: ±16,400 vehicles per day with excellent visibility and access along International Parkway
Affluent Trade Area: Average household income of $139,099 within a 3-mile radius; one of Florida’s most affluent residential markets within two miles
High-Barrier Submarket: Located in Lake Mary, a premier Central Florida office and medical corridor with limited developable land
Synergistic Surroundings: Adjacent to an established retail center under the same ownership with regional and national tenants
Employment Density: Surrounded by Fortune 500 companies employing thousands of high-income professionals
Stable Demand Drivers: Strong population growth, educated workforce, and consistent daytime activity supporting long-term value
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