7720 Turkey Lake Rd Orlando, FL 32819

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.