For Sale
$6,086,000
438 Rinehart Rd Lake Mary, FL 32746
High-yield, 100% occupied retail center
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $6,086,000 asking price for a 9,809 SF Class A retail shopping center in Lake Mary, FL.
- 100% occupancy with four tenants (Heartland Dental, Jimmy Johns, Nail Lounge, Clean Eatz) on 10-year NNN leases with annual rent bumps and corporate guarantees.
- 5.84% cap rate with a $355,600 NOI.
- Located in the new $800MM, 150-acre Lake Mary Wellness and Technology Park, adjacent to Orlando Health's new Lake Mary campus.
- 2023 construction on a 1.6-acre lot with 45 parking spaces per 1,000 sq ft; 1031 exchange eligible.
Property Details for 438 Rinehart Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 9,809 SF
- Class
- A
- Year Built
- 2023
- Buildings
- 1
- Lot Size (sq. ft)
- 69,696 SF
Location Insight
- City
- Lake Mary
- County
- Seminole
- State
- Florida
- Latitude
- 28.771344258615
- Longitude
- -81.347271459827
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-yield, 100% occupied retail center
- Where is the lifestyle center located?
- The property is located at 438 Rinehart Rd Lake Mary, FL.
- What is the asking price?
- The asking price for this property is $6,086,000.
- What are key features of this property?
- This property features: $6,086,000 asking price for a 9,809 SF Class A retail shopping center in Lake Mary, FL.; 100% occupancy with four tenants (Heartland Dental, Jimmy Johns, Nail Lounge, Clean Eatz) on 10-year NNN leases with annual rent bumps and corporate guarantees.; 5.84% cap rate with a $355,600 NOI.
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