Listed by Berkeley Capital Advisors Charleston, Berkeley Capital Advisors Charlotte
$6,341,000
Minneola Commons
Details
APN 072226000200000401
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center
Square Footage 11,290
Cap Rate 6.35%
NOI $402,635
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Class A
Year Built 2023
Stories 1
Acreage 2.000
Investment Type Stabilized
Ground Lease No
100% Occ. Street Retail | Orlando MSA | Signalized Intersection
Marketing description
100% Occ. Street Retail | Orlando MSA | Signalized Intersection
Investment highlights
Strategically Located
- Minneola Commons is situated on the corner of Hwy 27 (35,000+ VPD) and Southern Breeze Drive (35,000+ VPD), a signalized intersection, creating heavy traffic around the center.
- Additionally, a new interchange was added to the FL Turnpike creating easier access to the asset.
Growing Submarket
- Sitting 30 minutes from Orlando, this asset is part of a growing submarket that has observed population growth of 6.09% annually within a 1-mile radius since 2020.
Nearby Healthcare
- Minneola Commons is located just 10 minutes from both South Lake Hospital, which is currently adding a 5-story patient tower, as well as AdventHealth’s new 80-bed facility in Minneola.
- Both additions to the market’s healthcare offerings have a real impact on overall retail traffic.
New Construction | Long-Term Leases
- The tenant lineup at Minneola Commons consists entirely of e-commerce resistant retail concepts, offering a dynamic mixture of take-out, dine-in, fitness, and essential dental services.
- Built in 2023 with fresh 5 and 10-year leases, the asset presents limited rollover risk and will require minimal near-term capital expenditures.
Nearby Economic Drivers (Macro-Anchors)
- Just 30 minutes to downtown Orlando, and under 20 miles from the world’s largest theme park (Magic Kingdom at Walt Disney Resort), the center is greatly impacted by Orlando’s 75 million annual tourists that create an estimated total economic impact of $75.2 billion.
Dominant Retail Corridor
- Less than half a mile on Hwy 27 (35,000 VPD), Minneola City Council recently approved a Blackfin Partners-developed 21-acre shopping center on U.S. 27, anchored by a 48,000 SF grocery store with 8 retail outparcels serving the growing local residential community, and strengthening consumer traffic to the area.
Listing Contacts
Listed by Berkeley Capital Advisors Charleston, Berkeley Capital Advisors Charlotte
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$402,635.00
$33,552.92/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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