For Sale
$5,750,000

10935 177Th PlSummerfield, FL 34491

Summerfield, FL Shopping Center - 17 Tenants

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 25,805 square foot shopping center in Summerfield, Florida, presents a compelling investment opportunity. Boasting a 100% occupancy rate with 17 tenants, including Edward Jones and State Farm, this stabilized property generates a strong net operating income (NOI) of $460,992, yielding an 8.02% cap rate. The single-story building, constructed in 1995, sits on a 3.26-acre lot and is strategically located on a highly trafficked roadway, US Highway 27, with 38,000 vehicles per day. Its prime location within the rapidly growing Villages community, near major retailers like Target, Publix, and Walmart, ensures consistent demand and potential for future rental rate increases. The asking price is $5,750,000, translating to $222.83 per square foot. This well-established property offers a diverse revenue stream and significant upside potential due to below-market rents and the area's robust growth. The property's strong tenant roster and proven ability to increase rental rates upon lease rollover provide an excellent inflation hedge. This is a rare opportunity to acquire a high-performing asset in a thriving Central Florida market.

Highlights

  • Prime location on US Highway 27 in Summerfield, FL, within the growing Villages community, near major retailers.
  • Strong tenant roster including Edward Jones and State Farm, with 100% occupancy.
  • Well-established tenancy with a diverse revenue stream.
  • Demonstrated ability to increase rental rates upon lease rollover.
  • Excellent inflation hedge with proven annual increases and strong NOI growth (34.4% 5-year, 61.7% 10-year).

Property Details for 10935 177Th Pl

Property type
Lifestyle centers, Power centers
Square Feet
25,805 SF
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
142,006 SF

Location Insight

City
Summerfield
County
Marion
State
Florida
Latitude
28.964509221676
Longitude
-81.970627016322
10935 177Th Pl, Summerfield, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
10935 177Th Pl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message