1101-1107 W North Blvd
Leesburg, FL 34748
Leesburg Marketplace-30,000 SF of Upside! · Retail Property For Sale

Leesburg Marketplace is anchored by Ollie' s with a brand new 10 year corporate lease. Ollie' s operates over 212 stores in 18 states and is publicly traded on the NASDAQ: OLLI. Ollie' s business is outstanding with tremendous growth in both Sales and Net Income. Their new store in Orlando is exceeding expectations and Ollie' s plans to open 6-9 stores in Florida this year. This store in Leesburg Marketplace will bring new prosperity to this Value-Add Investment Opportunity. Ollie's opening here in Leesburg was a tremendous success. The center is positioned for a rebound and there will be upside in leasing the shop space. There is currently over 30,000 SF available for lease up. There are a couple leases pending right now which are included in the first year CAP rate. 10 year Pro Forma looks fantastic. Leesburg Marketplace is located in an attractive Orlando submarket, Leesburg, Florida. Surrounded by lakes and trees, this beautiful community has grown 16% since 2000 and continues to draw new residents. The subject property is located on Hwy 441, a primary road serving the interior cities of Central Florida. Most national retailers in the area are located on Hwy 441 or Hwy 27. However Hwy 441 has nearly twice the Traffic Counts of Hwy 27 with over 43,000 vpd.