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31824735
31824734

121 Howland Blvd, Deltona, FL 32738

DB
FL BK479506
LQ Commercial Real Estate Services
Listed by LQ Commercial Real Estate Services
$3,727,550
44 days on market
Updated 15 days ago

Walmart Shadowed Retail Investment Center

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 8,450
Net Rentable (SqFt) 8,450
Units 6
Occupancy 100%
Tenancy Multi
Brand/Tenant Firehouse Subs, Hungry Howie's (+4)
Pro-Forma Cap Rate 6%
Pro-Forma NOI $223,653
Price per SqFt $441
Year Built 2009
Buildings 1
Stories 1
Acreage 0.980
Zoning Commercial
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized
Ground Lease No

121 Howland Blvd, Deltona, FL 32738

Marketing description

LQ Commercial Orlando is pleased to exclusively offer for sale the 8,450 square foot, fully leased retail investment center strategically located in Deltona, Florida. This stabilized asset offers investors an exceptional opportunity to acquire a Walmart-shadowed retail center anchored by strong, established tenants in a high-traffic corridor.

The property sits directly adjacent to a 220,000 square foot Walmart Supercenter — the dominant traffic driver in the immediate trade area. This shadow-anchor positioning provides the retail center with a consistent and substantial flow of shoppers, ensuring sustained visibility and foot traffic for all tenants. The center also benefits from a shared driveway easement with McDonald's, further enhancing accessibility and drawing from the surrounding area's robust customer base.

The center is home to a quality mix of nationally recognized tenants, including Firehouse Subs, Hungry Howie's, and Metro PCS, among others. Firehouse Subs has demonstrated its commitment to the location by executing a brand new 10-year lease with a term running through July 2036, providing investors with long-term, reliable income. Additionally, ownership is currently in negotiations with Hungry Howie's to exercise a 5-year renewal option, which would extend their tenancy through July 2032 — further reinforcing the center's occupancy stability.

Investment highlights

  • 8,450 SF fully leased Walmart shadowed retail investment center for sale
  • Firehouse Subs signed a brand new 10-year lease with terms through July 2036
  • Hungry Howie's just exercised 5-year option to extend through July 2032

Listing Contacts

DB
FL BK479506
LQ Commercial Real Estate Services
Listed by LQ Commercial Real Estate Services

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Additional Information

Name
Dave Baltar
License
BK479506
Brokerage Address
500 Winderley Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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