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121 Howland Blvd 8,450 SF 100% Leased Retail Building Deltona, FL 32738 $5,095,934 CAD ($603.07 CAD/SF) 6% Cap Rate



Investment Highlights
- Fully leased Walmart shadowed retail investment center
- Negotiating with Hungry Howies to exercise 5-year option to extend through July 2032
- Firehouse Subs signed a brand new 10-year lease with terms through July 2036
Executive Summary
LQ Commercial Orlando is pleased to exclusively offer for sale the 8,450 square foot, fully leased retail investment center strategically located in Deltona, Florida. This stabilized asset offers investors an exceptional opportunity to acquire a Walmart-shadowed retail center anchored by strong, established tenants in a high-traffic corridor.
The property sits directly adjacent to a 220,000 square foot Walmart Supercenter — the dominant traffic driver in the immediate trade area. This shadow-anchor positioning provides the retail center with a consistent and substantial flow of shoppers, ensuring sustained visibility and foot traffic for all tenants. The center also benefits from a shared driveway easement with McDonald's, further enhancing accessibility and drawing from the surrounding area's robust customer base.
The center is home to a quality mix of nationally recognized tenants, including Firehouse Subs, Hungry Howie's, and Metro PCS, among others. Firehouse Subs has demonstrated its commitment to the location by executing a brand new 10-year lease with a term running through July 2036, providing investors with long-term, reliable income. Additionally, ownership is currently in negotiations with Hungry Howie's to exercise a 5-year renewal option, which would extend their tenancy through July 2032 — further reinforcing the center's occupancy stability.
The property sits directly adjacent to a 220,000 square foot Walmart Supercenter — the dominant traffic driver in the immediate trade area. This shadow-anchor positioning provides the retail center with a consistent and substantial flow of shoppers, ensuring sustained visibility and foot traffic for all tenants. The center also benefits from a shared driveway easement with McDonald's, further enhancing accessibility and drawing from the surrounding area's robust customer base.
The center is home to a quality mix of nationally recognized tenants, including Firehouse Subs, Hungry Howie's, and Metro PCS, among others. Firehouse Subs has demonstrated its commitment to the location by executing a brand new 10-year lease with a term running through July 2036, providing investors with long-term, reliable income. Additionally, ownership is currently in negotiations with Hungry Howie's to exercise a 5-year renewal option, which would extend their tenancy through July 2032 — further reinforcing the center's occupancy stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,450 SF
Building Class
C
Year Built
2009
Price
$5,095,934 CAD
Price Per SF
$603.07 CAD
Cap Rate
6%
NOI
$305,756 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.89 AC
Zoning
BPUD - Business Planned Unit Development zoning allows for flexible, mixed-use development, integrating residential, commercial, and light industrial use.
Amenities
- Signage
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 9206-04-00-0030 | Improvements Assessment | $1,553,197 CAD |
| Land Assessment | $415,274 CAD | Total Assessment | $1,968,471 CAD |
Property Taxes
Parcel Number
9206-04-00-0030
Land Assessment
$415,274 CAD
Improvements Assessment
$1,553,197 CAD
Total Assessment
$1,968,471 CAD
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121 Howland Blvd
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