Magnolia Plaza is a retail center that consists of three buildings: (1) Mattress One; (2) Dunkin Donuts and nail salon; (3) and a pre-leased 2-story office/retail building in between that counts Paradise Grills Direct, Sherwin Williams and Dan Newlin Law as tenants. This 3rd building is currently under construction (est. completion in Fall 2018). The last remaining space is up to 2,300 SF on the 2nd floor of the 3rd building.
The property is located at the eastern entrance of Clermont, one of Florida's top 10 fastest-growing cities. It is situated at the signalized intersection of Hwy SR-50 (W. Colonial Drive) and Magnolia Pointe Blvd. The highway Magnolia Center faces sees an average of 60,500 cars per day. The property is only 2 miles west of the Florida Turnpike and about 4 miles east of US 27. Property has high visibility with direct frontage on SR-50. It has 2 access points from SR-50 and access from the secondary roads, Magnolia Pointe Blvd and Pagonia Rd.
Behind the property is a large medical park (+80% leased) that includes Orlando Health's Physicians' Associates, Fresenius dialysis, Florida Autism Center and Transformations Weight Loss, among several others. About one mile to the west is Publix, Rooms-To-Go, Pizza Hut, BP, Autozone, Chase, Bank of America and other retailers, restaurants and service providers.
