190 S County Road 427
Longwood, FL 32750
Longwood Square · Retail Property For Sale

Well situated, fully occupied, multi-tenant property with upside rent potential currently commanding a CAP rate of 5.62%. Currently 80% of the property has rents that are under market. Many of the tenants are long term satisfied tenants. The vicinity of the property has a number of national occupants: CVS, Walgreens, Wawa, Sonic, to name a few. On the east side of Ronald Reagan Blvd/CR 427, just east of the Wawa location, there is a mixed use development play potentially occurring that would further invigorate the areas retail dynamic. Maine Ave would likely border the southern edge of this new development concept, on the east side of Ronald Reagan Blvd/CR 427 - Maine Ave also borders the southside of our multi-tenant asset, on the west side of this roadway. This property is close to South Seminole Hospital less than 1/2 mile to its west, I-4 (3 mi +/- to the west), US Hwy 17-92 less than 1 mile to its east, and SR 436 to its south.