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1117 International Pky - Verizon NNN leased pad - Redevelopment Upside 2.56 Acres of Commercial Land in Lake Mary, FL 32746
Investment Highlights
- Strong In-Place Cash Flow: Annual net income of $262,440, totaling $1,574,640 over the next five years
- Future Development Opportunity
- Covered Land Play
Executive Summary
- Covered Land Play: Ideal opportunity to generate income while planning entitlement and development
- Future Development Optionality: Highly desirable site for private or public hospital, medical office building, office condos, or high-end restaurant uses
- Potential Early Lease Buyout: Opportunity for accelerated value realization upon redevelopment readiness
- Prime Location & Exposure: ±16,400 vehicles per day with excellent visibility and access along International Parkway
- Affluent Trade Area: Average household income of $139,099 within a 3-mile radius; one of Florida’s most affluent residential markets within two miles
- High-Barrier Submarket: Located in Lake Mary, a premier Central Florida office and medical corridor with limited developable land
- Synergistic Surroundings: Adjacent to an established retail center under the same ownership with regional and national tenants
- Employment Density: Surrounded by Fortune 500 companies employing thousands of high-income professionals
- Stable Demand Drivers: Strong population growth, educated workforce, and consistent daytime activity supporting long-term value
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.56 AC |
| Property Type | Land | ||
| Zoning | PUD - Planned Unit Development | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.56 AC |
| Zoning | PUD - Planned Unit Development |
1 Lot Available
Lot
| Lot Size | 2.56 AC |
| Lot Size | 2.56 AC |
2.56-acre parcel along the highly trafficked International Parkway corridor, the parking lot is currently leased by Verizon (corporation)
Description
This Verizon ground lease offering presents a rare covered land play within the heart of Lake Mary—one of Central Florida’s most affluent and supply-constrained submarkets. Situated on a 2.56-acre parcel along the highly trafficked International Parkway corridor, the property generates strong in-place cash flow while preserving long-term flexibility for future redevelopment. With excellent visibility, multiple access points, and surrounding high-income residential and employment density, the site is well-positioned for eventual medical, office, or mixed-use development, offering investors both immediate income and compelling upside potential.
Property Taxes
| Parcel Number | 06-20-30-300-0050-0000 | Improvements Assessment | $112,192 |
| Land Assessment | $2,787,850 | Total Assessment | $2,900,042 |
Property Taxes
Contacts
-
Sean Glickman -
Chris Smith -
Laura Quintero -
Cushman & Wakefield of Florida, Inc.
Presented by
1117 International Pky - Verizon NNN leased pad - Redevelopment Upside
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