For Sale
$5,750,000

10935 177Th Pl Summerfield, FL 34491

Summerfield, FL Shopping Center - 17 Tenants

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Lifestyle center - Summerfield, FL Shopping Center - 17 Tenants
Where is the lifestyle center located?
The property is located at 10935 177Th Pl Summerfield, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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10935 177Th Pl
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