815 W State Road 434
Winter Springs, FL 32708
Exceptional Opportunity, Winter Spg, 7% CAP · Retail Property For Sale

This parcel encompasses 1 acre of land with about 210 Ft of total frontage on the 4-lane State Road 434 in Winter Springs, Florida. It is fully leased with 3 tenants, 2 of them have been there for over 15 years, and the owner plans to stay and be the fourth tenant (for the garage). Upside income potential, as some rents are under-market rate. The total gross income is about $84,000. The site has direct frontage on FL-434, about 210 Ft, which exposes it to a daily traffic count of over 35,000 vehicles. The original building was built in 1947, other buildings were added later. The last one was built in 1997. There are many nationally recognized retail tenants in the immediate area, such as Winn-Dixie, Perkins, Walgreen, Dunkin’ Donuts, AutoZone, Wendy’s, Family Dollar, Sonic and others. Location Florida became the first state to welcome more than 126 million out-of-state and international tourists in 2018. New attractions and an ever-changing tourist landscape in Florida is being credited for the increased number of visitors. Winter Springs, located in the NE Metro Orlando, is a city in Seminole County, Florida with beautiful lakes and parks and it is a family-oriented community with superior Seminole County schools. It is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area. According to the Huffington Post, the metro is one of the largest in Florida with a population of more than 2.5 million and is expected to grow 1.8 percent annually for the next five years. The area is going through some major growth, for example, LENNAR HOMES is building 379 single family homes within a few miles of the subject property.