For Sale
$3,344,000

121 Howland BlvdDeltona, FL 32738

High-yield, multi-tenant retail center in Deltona, FL.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in the Shoppes of East Deltona, a thriving 8,450-square-foot multi-tenant retail center located at 121 Howland Blvd, Deltona, FL 32738. Boasting a 100% occupancy rate with six tenants, including national brands like T-Mobile, Hungry Howie's Pizza, and GameStop, this stabilized property offers a compelling 6.00% cap rate and a strong NOI of $200,640. Built in 2009, the single-story, concrete block structure sits on a 42,689-square-foot lot and provides ample parking with 42 spaces. The property benefits from its strategic outparcel location adjacent to a Walmart Supercenter, McDonald's, a gas station, and a Fairwinds Credit Union, ensuring high visibility and consistent traffic. The property features rent bumps, and the current owner, also the original builder, has meticulously maintained the center since its construction. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable location with a proven track record of success. The property's strong tenant mix, excellent location, and consistent occupancy make it an ideal addition to any investment portfolio. The property is offered at $3,344,000.

Highlights

  • 8,450 SF fee-simple multi-tenant retail center in Deltona, FL. Outparcel to a Walmart Supercenter, adjacent to McDonald's, a gas station, and Fairwinds Credit Union.
  • 100% occupancy maintained for 5+ years; tenants include T-Mobile, Hungry Howie's Pizza, GameStop, and other strong local businesses.
  • 2009 concrete block construction; meticulously maintained by the original owner/builder.

Property Details for 121 Howland Blvd

Property type
Lifestyle centers, Power centers
Year Built
2009
Buildings
1
Stories
1
Units
6

Location Insight

City
Deltona
County
Volusia
State
Florida
Latitude
28.8724184
Longitude
-81.1644567
121 Howland Blvd, Deltona, Florida

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121 Howland Blvd
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