7720 Turkey Lake RdOrlando, FL 32819

Property Details for 7720 Turkey Lake Rd

Year built

2014

Lot size

1.81 AC

Property size (Sq ft)

20,137 SF

Zone code

P-D

Property type

Retail properties

Property subtype

Retail space

APN

26-23-28-5411-00-020

APU

262328541100020

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,744,269

  6.5%

  $6,225,479

  7%

  $5,780,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,968,525

  Geo Method

  $7,968,525

• Alternative Use

  Use

  Valuation

  Residential

  $5,251,424

  Hospitality

  $4,810,276

  Educational

  $4,002,094

  Medical

  $4,139,732

  Retail

  $6,225,479

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.4528

Longitude

-81.4781

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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