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16909 High Grove Blvd 5,000 SF 100% Leased Retail Building Clermont, FL 34714 $2,285,714 ($457.14/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated at the intersection of Highway 27 and US 192, a high-traffic area in the Four Corners region
- Close proximity to major tourist destinations, including Disney World and other Orlando-area attractions, making it an ideal spot for hospitality
- 121 feet of frontage on US 27, which sees approximately 42,500 vehicles per day, ensuring excellent exposure for businesses
- The Four Corners area is experiencing rapid residential growth, with new housing developments bringing more potential customers
EXECUTIVE SUMMARY
The property at 16909 High Grove Blvd in Clermont, Florida, is a multi-tenant retail strip center located within the Four Corners area, a region experiencing significant residential growth with numerous housing units planned nearby. The center has been renovated and features 121 feet of frontage on US Highway 27, which has an average daily traffic count of 42,500 vehicles.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
C
Year Built
2008
Price
$2,285,714
Price Per SF
$457.14
Cap Rate
7%
NOI
$160,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.92 AC
Zoning
PUD - PUD - C-1 Unincorporated Lake County
Parking
42 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 35-24-26-0800-00C-00000 | Improvements Assessment | $483,526 (2025) |
| Land Assessment | $644,160 (2025) | Total Assessment | $1,127,686 (2025) |
PROPERTY TAXES
Parcel Number
35-24-26-0800-00C-00000
Land Assessment
$644,160 (2025)
Improvements Assessment
$483,526 (2025)
Total Assessment
$1,127,686 (2025)
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16909 High Grove Blvd
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