For Sale
$9,780,000

13935 Landstar BlvdOrlando, FL 32824

Orlando Retail Center: High-Occupancy, Strong Tenants

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, multi-tenant retail center in Orlando, Florida. The property boasts 12,951 square feet across two single-story buildings on a 3.29-acre lot, featuring 123 parking spaces. Six tenants currently occupy the space at 100% occupancy, including Starbucks, Chipotle, Heartland Dental, Tropical Smoothie Cafe, MD Now Urgent Care, and TN Nails & Spa. The property benefits from a strong mix of corporate and local tenants, with corporate leases accounting for 78% of the gross leasable area and 81% of the net operating income (NOI), which is currently $537,822, resulting in a 5.50% cap rate. Built in 2021, this NNN-leased property offers significant upside potential due to near-term rent increases for five of the six tenants. The property enjoys a prime location on Landstar Boulevard, at a signalized intersection off Highway 417, experiencing high traffic volume exceeding 70,000 vehicles per day. Its strategic position within the Landstar retail corridor, adjacent to a high-traffic Walmart Neighborhood Market and across from a Publix-anchored shopping center, ensures exceptional visibility and accessibility. The property is situated in a rapidly growing area of Orlando, benefiting from a large population base and strong household incomes within a three-mile radius. The asking price for this fee-simple ownership opportunity is $9,780,000. Specific lease terms and rent bump details are available in the marketing package.

Highlights

  • 100% occupied multi-tenant retail center anchored by Starbucks, Heartland Dental, Chipotle, Tropical Smoothie, MD Now Urgent Care, and TN Nails & Spa.
  • 78% of gross leasable area (GLA) and 81% of net operating income (NOI) derived from corporate tenants (Chipotle, Starbucks, Heartland Dental, and MD Now Urgent Care).
  • High-visibility retail center situated at a signalized hard corner intersection on Hwy 417 in the Orlando metro area.
  • Long-term leases with an average remaining term exceeding seven years; five of six tenants have rent increases of 10% within the next two years.
  • Prime location within the Landstar retail corridor, adjacent to a high-traffic Walmart Neighborhood Market (1.3M+ annual visitors).
  • Across the street from a Publix-anchored shopping center (Meadow Wood Plaza) with over 1 million annual visitors.

Property Details for 13935 Landstar Blvd

Property type
Lifestyle centers, Power centers
Square Feet
12,951 SF
Year Built
2021
Buildings
2
Stories
1
Lot Size (sq. ft)
143,312 SF
Units
6

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.364299787571
Longitude
-81.366063693901
13935 Landstar Blvd, Orlando, Florida

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13935 Landstar Blvd
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