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6751156
6751157

8590 E C- 466, The Villages, FL 32162, The Villages, FL 32159

JD
FL 3439695
Morris Realty & Investments
Listed by Morris Realty & Investments
$6,600,000
1517 days on market
Updated 13 days ago

Retail Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,272
Net Rentable (SqFt) 12,050
Units 4
Cap Rate 5.12%
NOI $338,022
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $497
Year Built 2008
Buildings 1
Stories 1
Acreage 1.900
Ground Lease No

Retail | 5.12% CAP | 13,272 SqFt

Marketing description

Morris Realty & Investments is pleased to present the opportunity to acquire this exquisite multi-tenant retail center located in The Villages, FL. The subject property includes approximately 12,050 square feet of lease space on a 1.9-acre parcel and is 100% occupied by Ideal Tenants for The Villages. All tenants have long-term leases with extension options and rent increases.

The Villages is the largest and fastest growing retirement community in the U.S. Nearby National Retailers include Target, Walmart, Home Depot, Lowes, Publix, Pet Smart, Petco, Best Buy, Total Wine, Winn Dixie, Kohls, Bealls, Marshalls, TJ Maxx, Aldi's, Ulta, Bed Bath & Beyond, Michaels, Office Depot, Staples, CVS, Walgreens, Earth Fare, Fresh Market, Ace Hardware, and more.

Investment highlights

  • Multi-tenant retail center, 100% occupied by the Best Flooring Center, Johnny's Birdie Golf, Wood Kitchen & Bath, and Village Discount Golf Car.

  • 12,050 square feet on over 1.9 acres.

  • Located on a busy corridor in The Villages, C-466 with over 23,000 vehicles per day.

Listing Contacts

JD
FL 3439695
Morris Realty & Investments
Listed by Morris Realty & Investments

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$338,022.00
$28,168.50/mo

Valuation Metrics

0
DSCR
5.12%
Cap Rate
5.12%
ROI

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