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8590 E CR-466 12,040 SF 100% Leased Retail Building Lady Lake, FL 32162 $6,600,000 ($548.17/SF) 5.12% Cap Rate
Investment Highlights
- Heavy traffic
- Located in The Villages
- 100% occupied with excellent tenants
Executive Summary
Multi-tenant retail center, 100% occupied by the Best Flooring Center, Johnny's Birdie Golf, Wood Kitchen & Bath, and Village Discount Golf Car. The property is 12,050 square feet on over 1.9 acres. It is located on a busy corridor in The Villages, C-466 with over 23,000 vehicles per day.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,040 SF
Building Class
C
Year Built
2008
Price
$6,600,000
Price Per SF
$548.17
Cap Rate
5.12%
NOI
$338,022
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.94 AC
Parking
66 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
192’ on Cr-466 Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | D13-101 | Improvements Assessment | $1,364,230 |
| Land Assessment | $1,521,110 | Total Assessment | $2,885,340 |
Property Taxes
Parcel Number
D13-101
Land Assessment
$1,521,110
Improvements Assessment
$1,364,230
Total Assessment
$2,885,340
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8590 E CR-466
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