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29580638
29580637

423 Citrus Tower Blvd, Clermont, FL 34711 For Sale

TG
FL FL SL3297477
First Capital Property Group
TS
FL FL BK3204675
First Capital Property Group
MC
FL FL 3396858
First Capital Property Group
Listed by First Capital Property Group
$5,096,000
23 days on market
Updated 23 days ago

Citrus Tower Office/Retail

Details
APN 20-22-26-1000-000-00A01 20-22-26-1000-000-00A02 20-22-26-1000-000-00A03 20-22-26-1000-000-00A04
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 7,200
Cap Rate 5.20%
Occupancy 100%
Tenancy Single
Brand/Tenant Kids Central, Inc.
Lease Type NNN
Price per SqFt $708
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 0.160
Zoning PUD
Investment Type Stabilized
Lease Commencement 08/01/2023
Occupancy Date 08/01/2023

100% Occupied Investment Opportunity | 7,200 SF

Marketing description

First Capital Property Group is pleased to present 423 Citrus Tower Blvd Units 101-104 Clermont, FL 34711; a 100% occupied office/retail property located within the new Citrus Tower Blvd Office Park development. This asset is anchored by Kids Central Inc. – Florida Lutheran Services a State of Florida funded leader in child welfare support services. Kids Central Inc.’s long term lease at this location reflects its strategic commitment to the growing Clermont market offering investors stable, creditworthy income from a single tenant net-leased facility.

Positioned within the Citrus Tower Blvd office/retail condo building, this property benefits from over 300 feet of direct frontage and excellent visibility from Citrus Tower Blvd and Mohawk Road. This property is positioned at the center of a dynamic, mixed-use ecosystem comprised of office, medical, retail, and small-bay flex warehouse users creating a rare convergence of daytime population, employment density, and consumer demand.

Strategically located near the Citrus Tower Blvd Publix anchored power center and one mile from Orlando Health’s South Lake Hospital and medical corridor, the property naturally attracts a wide cross-section of people, including professionals, healthcare workers, patients, logistics operators, entrepreneurs, and daily consumers.

Investment highlights

  • High Average Income of $105,471 within 1 min drive time of property

  • Rapidly Growing Submarket with a projected annual growth rate 2.72% through 2028 within five miles of the Property

  • Clermont voted “Best City to Live in Central FL” by Orlando Business Journal Readers Choice for 2017

  • Largest City in Lake County at a population of over 44,800 within the 19 square miles of city limits

  • 2nd Best State for Business in the United States by Chief Executive Magazine (2021)

Listing Contacts

TG
FL FL SL3297477
First Capital Property Group
TS
FL FL BK3204675
First Capital Property Group
MC
FL FL 3396858
First Capital Property Group
Listed by First Capital Property Group

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Additional Information

Name
Trey Gravenstein
License
FL SL3297477
Brokerage Phone
407-872-0177
Name
Trent Scott, CCIM
License
FL BK3204675
Brokerage Phone
407-872-0177
Name
Michael Castrilli
License
FL 3396858
Brokerage
First Capital Property Group Inc.
Title
Senior Sales & Leasing Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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