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16890 Us-441 Hwy 5,000 SF Retail Building Mount Dora, FL 32757 $3,915,000 ($783/SF) 5.75% Cap Rate
EXECUTIVE SUMMARY
The Property is a 5,000 sq. ft. freestanding Pad building in an anchored shopping center situated within one of Mount Dora’s most prominent retail corridors surrounded by national big-box tenants, ensuring long-term stability and value.
NOI is $225,000 in year 1 with the building being 100% leased to a regional medical user with a 10-year true NNN lease with 3% annual increases.
The property is under contract to purchase with a close and rent commencement date of December 1, 2025.
Located directly in front of Ross, TJ Max and Hobby Lobby the building is across from Walmart Supercenter, Chick-fil-A, Aldi, and Target directly in in Mount Dora, main retail corridor.
The tenant Avecina Urgent Care is an expanding North Florida regional medical provider with 20 units, strong financials statements and EBITDA.
NOI is $225,000 in year 1 with the building being 100% leased to a regional medical user with a 10-year true NNN lease with 3% annual increases.
The property is under contract to purchase with a close and rent commencement date of December 1, 2025.
Located directly in front of Ross, TJ Max and Hobby Lobby the building is across from Walmart Supercenter, Chick-fil-A, Aldi, and Target directly in in Mount Dora, main retail corridor.
The tenant Avecina Urgent Care is an expanding North Florida regional medical provider with 20 units, strong financials statements and EBITDA.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1989
Price
$3,915,000
Price Per SF
$783
Cap Rate
5.75%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
0.17 AC
Zoning
C-3 - Commercial - 3
Frontage
99’ on Us-441 Hwy
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Avecina
- Health Care and Social Assistance
- 5,000 SF
- $45.00
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Avecina | Health Care and Social Assistance | 5,000 SF | $45.00 | Triple Net | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Outparcel with 5,000 SF Building Available For Lease. Located SWC of signalized intersection at US-441 and Eudora Rd.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,000 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 5,000 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Outparcel with 5,000 SF Building Available For Lease. Located SWC of signalized intersection at US-441 and Eudora Rd.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-19-26-0004-000-10600 | Improvements Assessment | $821,740 |
| Land Assessment | $540,216 | Total Assessment | $1,361,956 |
PROPERTY TAXES
Parcel Number
23-19-26-0004-000-10600
Land Assessment
$540,216
Improvements Assessment
$821,740
Total Assessment
$1,361,956
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16890 Us-441 Hwy
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