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29525627
29525628

446 Rinehart Rd, Lake Mary, FL 32746

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
JN
CA CA 02205115
NNN Investment Group
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group
$4,500,000
128 days on market
Updated 2 days ago

Bent's Landing Retail Center - Building 1 | Orlando MSA

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 7,224
Cap Rate 5.85%
NOI $263,430
Occupancy 100%
Tenancy Multi
Brand/Tenant BODYROK, 100% Chiropractic (+1)
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Price per SqFt $623
Broker Co-Op Yes
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 1.600
Parking Spaces 5 per 1,000 sq ft
Investment Type Net Lease
Ownership Fee Simple
Sale Condition 1031 exchange

Bent's Landing Unanchored Retail Center | 100% Leased – Long-Term NNN Leases

Marketing description

Lee & Associates is pleased to present the opportunity to acquire a 100% leased, newly constructed multi-tenant retail asset located in Lake Mary, FL, within the high-growth Orlando MSA. Bent’s Landing Retail Center comprises 7,224 square feet of Class A retail storefront space and is fully occupied by three synergistic tenants: UrgentVet, 100% Chiropractic, and BodyRok. Each tenant operates under newer 10-year NNN leases with 3% annual increases, offering stable, long-term cash flow. The property sits on 1.6 acres and benefits from cross-parking agreements within a larger development.

Strategically positioned adjacent to Orlando Health’s 250-bed medical campus and within the $800 million Lake Mary Wellness and Technology Park, Bent’s Landing is at the epicenter of one of Central Florida’s fastest-growing medical and retail corridors. The site is highly visible along Rinehart Road, which sees nearly 29,000 vehicles per day and lies just one mile from I-4 (145,500 VPD). Tenants benefit from proximity to a strong daytime population and a robust healthcare presence, including AdventHealth, HCA, and the newly opened Jewett Orthopedic Institute. Average household income exceeds $115,000 within a 3-mile radius, with nearly 65,000 residents supporting demand for health-focused retail services.

Lake Mary has emerged as a premier destination for healthcare, residential, and lifestyle development, boasting excellent schools, high-end housing, and a business-friendly environment. The surrounding area features national retailers, medical offices, and new residential developments, including over 300 multifamily units and townhome communities under construction. Bent’s Landing represents a rare opportunity to invest in a top-tier retail asset with long-term leases, strong demographics, and a location poised for continued growth in one of Florida’s most dynamic submarkets.

Investment highlights

  • 2024 Construction – Fronts Orlando Health Medical Campus & Rinehart Road (29,000 VPD)

  • 100% Leased to Synergistic Mix of Medical, Health, & Fitness Tenants – Long Term NNN Leases with Rent Growth

  • Immediately Adjacent to Orlando Health’s New Lake Mary Campus (250+ Beds)

  • Located in the New $800M, 153-Acre Lake Mary Wellness and Technology Park

  • Dense Daytime Population Base – 155,000 People Within a 5-Mile Radius – Exploding Healthcare Corridor

Listing Contacts

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
JN
CA CA 02205115
NNN Investment Group
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$263,430.00
$21,952.50/mo

Valuation Metrics

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DSCR
5.85%
Cap Rate
5.85%
ROI

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