Savannah Park Retail
Fully Occupied Multi-Tenant Strip Investment Opportunity
Marketing description
This fully occupied multi-tenant retail strip center in Sanford, Florida presents a compelling investment opportunity with strong fundamentals. The 2017-built property features four established tenants operating under NNN leases with over 5 years of average lease term remaining. CycleBar's lease extends to August 2033, Urban OM Yoga to March 2027, Foxtail Coffee to October 2035, and Salon Lofts to July 2031. All tenants feature remaining option periods ensuring stability and potential upside through rent escalation.
The property benefits from a prime location with highly visible frontage along International Parkway (16,400 VPD), directly connecting to State Highway 429 (18,400 VPD) and State Highway 46 (41,000 VPD). It is flanked by Interstate 4 (151,900 VPD), offering regional access to Orlando and Sanford markets. The property is immediately adjacent to Lofts at Savannah Park Luxury Apartments (151 units), providing a direct built-in customer base.
The investment offers predictable cash flow with minimal landlord responsibilities limited to roof, structure, and foundation. All tenants reimburse their share of CAM, real estate taxes, insurance, and administrative fees. Current property management can remain in place after sale to ensure continuity.
Investment highlights
- 2017 construction requiring minimal capital expenditures
- Fully leased to four established tenants with over 5 years of average lease term remaining. Cycle Bar (Aug 2033), Urban OM Yoga (Mar 2027), Foxtail Coffee (Oct 2035), and Salon Lofts (Jul 2031)
- All tenants feature remaining option periods – three at fixed rents and one at fair market rent ensuring stability and potential upside through rent escalation
- Strong tenant synergy across fitness, wellness, food & beverage, and personal services
- New construction retail strips are routinely getting $45-$50/SF+ in surrounding Orlando submarkets leaving additional future upside
- All tenants operate under NNN leases, reimbursing their share of CAM, real estate taxes, insurance, and administrative or management fees
- Minimal landlord responsibilities limited leakage from CAM expenses passed though to center declarant
- Predictable cash flow with contractual rent escalations across the tenant base
- Current property manager can remain in place after sale to ensure continuity
- Highly visible frontage along International Parkway (16,400 VPD), directly connecting to State Hwy 429 (18,400 VPD) and State Hwy 46 (41,000 VPD)
- Flanked by Interstate 4 (151,900 VPD), offering regional access to Orlando and Sanford markets
- Less than one mile from Seminole Town Center Mall and Marketplace at Seminole Centre, which announced redevelopment of a new Costco and Trader Joes in addition to other national retailers like Dick's and Target in place
- Immediately adjacent to Lofts at Savannah Park Luxury Apartments (151 units), providing direct built-in customer base
- Tenant mix aligns with neighborhood needs: boutique fitness, wellness services, specialty coffee, and flexible salon space
- Strong daily-needs retail positioning, less vulnerable to e-commerce displacement
- Proximity to multiple residential developments (1,000+) units supporting sustained demand
- 5-mile population of 115,698 with an affluent average household income of $126,932
- Sanford and Lake Mary corridor is among the most desirable residential markets in Seminole County
- Less than 7 miles from Orlando-Sanford International Airport, driving regional and traveler demand
- Robust employment, education, and lifestyle amenities continue to attract high-income residents
- Brand new Starbucks, Chipotle, and Chick-fil-A 0.25 miles north at the intersection of International Parkway and State Hwy 46
- Major mixed use medical center, office and apartment development is planned for the sites just across International Parkway
- Hotel and Class A multifamily development slated for neighboring sites off of Wayside drive
- Kolter development group is advancing a 510-unit multifamily development on 21+ acres directly across the street from subject property
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
