For Sale
$11,635,776

7720 Turkey Lake RdOrlando, FL 32819

19,000 SF Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Shoppes of Turkey Lake, a 19,162-square-foot retail center located at 7720 Turkey Lake Road in Orlando, Florida's Dr. Phillips suburb (zip code 32819). The property, situated on a 1.81-acre lot, features a single, one-story building constructed in 2014 and extensively renovated in 2024. Currently boasting 100% occupancy with three tenants—Rokka's Market, AYR Wellness, and Club Champion—the center offers a compelling net lease investment opportunity. The property benefits from a weighted average lease term (WALT) exceeding seven years, with annual rent bumps of up to 3%. Leases are structured as triple-net (NNN), with tenants responsible for all expenses except roof and structure maintenance. The asking price is $11,635,776, representing a cap rate of 6.25% and a price per square foot of $607.23. The property includes 106 parking spaces and is zoned P-D Planned Development. The strong tenant mix, long-term leases, and significant recent tenant investment (Rokka's Market invested $2.5 million) contribute to a stable and attractive investment profile. The property's location within a densely populated and affluent area, coupled with its proximity to major traffic arteries, ensures high visibility and strong consumer traffic. The Net Operating Income (NOI) is $727,236.

Highlights

  • Passive NNN Leases with a weighted average lease term exceeding seven years.
  • Up to 3% annual rent bumps.
  • $2.5M recent tenant investment.
  • Located in a top national MSA with 13%+ annual household growth.
  • High-traffic location adjacent to major roadways in a dense retail trade area with affluent demographics.

Property Details for 7720 Turkey Lake Rd

Property type
Lifestyle centers, Power centers
Square Feet
19,162 SF
Year Built/Renovated
2014/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
78,844 SF
Units
3

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.45247341895
Longitude
-81.47763601018
7720 Turkey Lake Rd, Orlando, 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].
7720 Turkey Lake Rd
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