Multi-Tenant Retail    

Shoppes of Turkey Lake

 Orlando, FL

Asking Price

$12,202,453

Cap Rate

5.96%

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Total Building GLA

19,162 SF

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100% Occupied

3 Tenants

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Year Built | Reno

2014 | 2024

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Strong Demos

$147K AHHI (1 Mile)

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Strong Traffic Counts

80K+ VPD Combined

INVESTMENT HIGHLIGHTS

  • Passive NNN Leases – Three tenants all operating under NNN Leases
  • 7+ Year WALT – Weighted average lease term remaining of more than 7 years
  • $2.5 Million Tenant Investment – Rokka’s Market recently made a large $2.5 million investment into their space with no tenant improvement allowance from the Landlord
  • 13%+ Annual Household Growth – Within one mile of the property, annual household growth and annual population growth over the next five years is estimated to be 13%+ and 12%+, respectively
  • Up to 3% Annual Rent Bumps – The leases feature rent bumps between 10% every 5 years and 3% annually

 

  • Top MSA Nationally – Orlando has consistently been one of the fastest growing MSAs in the nation and has benefited from the population boom occurring in Florida since 2020
  • Adjacent to Many Major Traffic Drivers – <2 Miles from Universal Orlando Resort (34M+ visitors), Universal Studios new EPIC Universe theme park, Sea World (4.4M+ visitors), and a Lockheed Martin testing and training facility 
  • Dense Retail Trade Area – Near Walmart, Publix, Whole Foods, Trader Joe’s, Sprouts, HomeGoods, Ross, Walgreens, CVS, McDonald’s, and many more 
  • High Traffic Counts – Turkey Lake Road (25K+ VPD) and Sand Lake Road (55K+ VPD)
  • Extremely Dense and Affluent Demographics – 59K+ residents and 190K+ residents within three and five miles, respectively. Average household income of $147K+ within one mile 

Exclusively Listed By

Michael Zimmerman

Vice President
  mzimmerman@northmarq.com      +1 954.290.6366
FL Lic. #BK3088542

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.814.1966

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

Eduardo Elizondo

Associate
  eelizondo@northmarq.com   

Mitch Bensch

Investment Sales Analyst
  mbensch@northmarq.com   

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136


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