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.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
