HAMLIN GROVES
6.00% CAP | 64,204 SqFt | For Sale | Retail
Marketing description
Coldwell Banker Commercial presents Hamlin Groves. Built in 2023, Hamlin Groves is a ±61,844 SF state of the art, Class A, institutional grade product. This modern constructed ground lease sits on ±8.14 acres in one of Orlando's newest, most affluent areas of Winter Garden, and has ±12 years remaining on a NNN Lease.
100% Occupied by Urban Air Adventure Park, which is one of America's premier indoor adventure parks, and is ranked the #2 smartest growing brands by franchise times. Commenced in 2023, this highly rated tenant offers years of stability, that offers ±12 remaining on the initial term, which includes 10% rent increases every 5-years.
Hamlin is a thoughtfully-curated mixed-use town center offering dining, shopping, entertainment experiences, and walkable living for the Horizon West community. Set along Greater Orlando’s beltway, Hamlin benefits from a bustling community, diverse retail offerings, strong investment in education, and an innovative medical landscape.
Proximity to Central Florida’s roadways keeps Hamlin in the heart of a growing community. Located directly off SR 429, Hamlin is just 7 miles north of Walt Disney World’s western entrance and 10 miles from Orlando’s main tourist attraction area along US 192. Hamlin is also only a 20-minute drive from downtown Orlando. It is easily accessible from anywhere in Central Florida given its closeness to the Florida Turnpike/SR 429 interchange, the East/West Expressway (SR 408)/Florida Turnpike interchange, and the SR 429/I-4 interchange.
This unique opportunity offers an institutional grade investment, that has sustainable cash-flow for years to come.
Investment highlights
Opportunity to acquire a cornerstone asset in the 2nd best-selling community in the U.S. We have just adjusted the price to $18,900,000 which reflects a 6% cap rate, positioning this flagship leisure anchor for an immediate close.
Highlights include:
- Massive Rental Arbitrage: This asset is cash flowing an annual NOI of $1,134,110 creating a high margin net cash flow.
- Guaranteed Yield Growth: This NNN lease has a 15-year corporate-backing and features 10% rent escalations every five years, with the building rent scheduled to hit $1,372,273 by Year 11.
- Long-Term Site Control: This leasehold was recently extended to a 25-year initial term expiring 2067 providing decades of secure ownership.
- Explosive Market Demand: Located in the heart of a 315% population growth corridor, the property is surrounded by major public investments including a $27.3M library and 9 new schools by 2027.
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