1945 W County Road 419
Chuluota, FL 32766
Riverside Retail Shoppes · Retail Property For Sale

SRS Real Estate Partners, as exclusive broker, is pleased to offer for sale, Riverside Retail Shoppes - a 10,493 +/- SF multi-tenant retail strip center at 1945 W County Road 419 in Oviedo, FL. 89% occupied with NNN leases, the property features reasonably priced replaceable rents with room for growth. This results in good intrinsic value due to low replaceable rents with room for growth and the opportunity to build value by increasing the NOI. Riverside Retail Shoppes consists of an attractive, well maintained brick building constructed just 10 years ago. Roof and structure should require less maintenance and repair than many competing properties, requiring a smaller CAM contribution from tenants and enabling the owner to get higher base rent and maximize NOI. Location Oviedo is an upscale Orlando submarket known for quality schools and nice neighborhoods. The average income within a mile of the property is over $123,000 and the median age is just 36 years-old. The Property is situated between two intersections and is accessible from both sides of three different roads, making it easy for customers to access the Property. Riverside Retail Shoppes is situated in Oviedo, FL – 17 miles northeast of Downtown Orlando, within the Orlando-Kissimmee-Sanford, FL MSA. Situated in the central part of Florida, Orlando serves as the county seat for Orange County as well as the central component for the Orlando-Kissimmee-Sanford, FL MSA which has a population of 2.387 million people. Orlando is the 24th largest MSA in the country, 6th largest in the Southeast and 3rd largest in Florida. It is the state’s largest inland city. Known as the “Theme Park Capital of the World”, Orlando is one of the premier tourist destinations in the world, drawing 66 million visitors annually to Walt Disney World, Universal Studios Florida, SeaWorld, Epcot, Islands of Adventure, Blizzard Beach, Gatorland, Wet ‘n Wild, Harry Potter World, the Orange County Convention Center and much more. The economic impact of Orlando’s tourism industry reaches roughly $30 billion annually. Among its many different accolades, Orlando has been named by Forbes as the “Best City for Jobs in 2015”, one of the “Top 10 American Cities of the Future” by Foreign Direct Investment Magazine, a “Top 10 Wine Travel Destination” by Wine Enthusiast, Forbes’ “Number 1 City for Job Growth in 2014” and the “Eighth Greenest City in America” by NerdWallet. In addition to an obviously booming tourism industry, Orlando is home to a significant high tech industry which accounts for $13.4 billion and employs 53,000 people. The city is home to a nationally recognized cluster of innovation in digital media, agricultural technology, aviation, aerospace and software design. More than 150 international companies, representing 20 different countries, have facilities in Orlando.