5076 North LnOrlando, FL 32808

This Orlando, FL shopping center presents a compelling value-add opportunity. The 21,600 square foot, single-story Class B property, built in 1986 and renovated in 2020, sits on a 1.88-acre lot and features 11 units currently occupied at 79.6%. Nine tenants generate a current NOI of $198,258, with a pro-forma NOI of $293,052 projected. The asking price is $2,904,000 ($134.44/sq ft), representing a 6.83% cap rate and a pro-forma cap rate of 10.09%. Significant upside potential exists due to a 20.4% vacancy rate, compared to a 3.5% market average, and below-market average rents of $16.30/sq ft (market average $29.48/sq ft). The property benefits from a prime location near major retailers like Walmart, 7-Eleven, and Walgreens, ensuring high visibility and traffic. Lease options and fee simple ownership are available. The property's 2020 roof replacement minimizes future capital expenditure needs. This investment offers a strong cash-on-cash return based on potential lease-up and operational improvements.