2412-2460 S Volusia Ave
Orange City, FL 32763
Four Townes Shopping Center · Retail Property For Sale

SRS Investment Properties Group, as exclusive broker, is pleased to offer Four Townes Shopping Center - a community center anchored by Big Lots, Aaron’s and O’Reilly Auto Parts - situated in Orange City, FL within the Orlando MSA. Four Townes Shopping Center boasts plenty of recent leasing momentum over the last couple of years. With tenure at the Property since 1993, Big Lots just renewed for 10 years through 2029. Additionally, major, national retailers, including Cicis, just signed a new 10-year lease through 2028, and O’Reilly Auto Parts signed a new 10-year lease in 2016. Following Big Lot’s renewal, the aggregate anchor lease term at the Property is nearly seven (7) years - reaffirming the stability of the tenant roster while also helping to facilitate the ability to secure attractive financing. The Property is characterized by a synergistic blend of retail providers, including value-minded tenants like Big Lots and Aaron’s, restaurants, and an array of service providers. With a largely internet-resistant tenant profile and good lease terms overall, the Center is well-positioned to sustain a currently strong occupancy in most any retail climate. The Property has recently benefited from a plethora of valuable capital improvements, which include painting and upgrades to the building facades, resurfacing and restriping the entire parking field in front of the Center, as well as landscaping improvements. The majority of the roofs have also been replaced in the last couple of years and all roofs are currently under warranty, in very good condition. In addition to adding value through rent growth and upgrading the tenant profile at the Center, Four Townes provides the next iteration of ownership with a potential opportunity to develop multiple pad sites along Enterprise Rd and S Volusia Ave. Two sites along Enterprise Rd continue to receive ongoing interest from area retailers in regards to selling off an outparcel or doing a build-to-suit. Contact the brokers for more details. Location Four Townes Shopping Center is located in Orange City, FL – 40 minutes north of Downtown Orlando, within the Deltona-Daytona Beach-Ormond Beach, FL MSA. A growing Orlando submarket, Orange City offers a high quality suburban lifestyle within the Orlando market that has access to big city amenities while still maintaining its suburban charm. 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.