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Shops at Loch Leven Landing NEC of Hwy 441 & SR 44 8,200 SF 100% Leased 4-Star Retail Building Mount Dora, FL 32756 $4,520,000 ($551.22/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Positioned between top-performing Publix and Lowe’s at a major signalized intersection seeing 76,500 vehicles per day.
- Newly completed Wekiva Parkway (SR-429) provides faster commutes and direct access to major Orlando MSA employment centers.
- Prime location along highly coveted US 441 retail corridor, a 2.2M SF submarket with just 2.5% vacancy.
- Serves over 41,000 residents with $90,000+ average household incomes and population growth more than twice the Orlando MSA.
- Durable cash flow derived from 100% best-in-class national and regional tenants boasting average term remaining of 5.6 years.
- Florida’s business climate offers no state income tax, no commercial lease tax, and leads the nation in growth and migration.
EXECUTIVE SUMMARY
Colliers, as exclusive broker, is pleased to offer the opportunity to acquire Shops at Loch Leven Landing (the ‘Property’), a 7,998 square foot retail strip center strategically positioned in Mt. Dora, Florida, between a top-15% Publix and top-6% Lowe’s near an intersection with 76,500 vehicles per day. The customer base is projected to grow by 16% over the next 5 years—spurred by the completion of the Wekiva Parkway (SR 429) and tremendous growth of industry. Shops at Loch Leven Landing features a blend of coffee, fast-casual dining, and fitness.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,200 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2021
Price
$4,520,000
Price Per SF
$551.22
Cap Rate
6%
NOI
$271,206
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.25 AC
Zoning
C-1 - Strip Commercial Center
Parking
81 Spaces (9.88 Spaces per 1,000 SF Leased)
Frontage
227’ on Florida 44
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Foxtail Coffee
- -
- -
- -
- -
- Jeremiah’s Italian Ice
- -
- -
- -
- -
- Orangetheory Fitness
- -
- -
- -
- -
- Stretch Zone
- -
- -
- -
- -
- Tropical Smoothie Cafe
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Foxtail Coffee | - | - | - | - | ||
| Jeremiah’s Italian Ice | - | - | - | - | ||
| Orangetheory Fitness | - | - | - | - | ||
| Stretch Zone | - | - | - | - | ||
| Tropical Smoothie Cafe | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-19-27-1100-002-00000 | Improvements Assessment | $839,079 |
| Land Assessment | $950,815 | Total Assessment | $1,789,894 |
PROPERTY TAXES
Parcel Number
19-19-27-1100-002-00000
Land Assessment
$950,815
Improvements Assessment
$839,079
Total Assessment
$1,789,894
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Shops at Loch Leven Landing | NEC of Hwy 441 & SR 44
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