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Tri-Cities Shopping Plaza 16800-16950 Us Highway 441 71,172 SF 100% Leased Retail Building Mount Dora, FL 32757 $17,449,000 CAD ($245.17 CAD/SF) 6.83% Cap Rate
INVESTMENT HIGHLIGHTS
- 71,172 SF shopping center anchored by Ross Dress for Less, TJ Maxx and Dollar Tree
- Strong In-Place Cash Flow Due to Assumable Financing with Fixed-Rate, Below-Market Interest Rate of 4.85%
- 89% of GLA has Tenure at the Property of 10 years or more
- Located in High Growth Mount Dora, Florida
- Shadow anchored by High-Volume Hobby Lobby
- Below Market Rents Contribute to Upside and Acquisition Basis Below Replacement Cost
EXECUTIVE SUMMARY
Institutional Property Advisors is proud to present for sale, Tri-Cities Shopping Plaza, a 71,172 square foot shopping center anchored by Ross Dress for Less, TJ Maxx and Dollar Tree in Mount Dora, Florida.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
71,172 SF
Building Class
B
Year Built
1988
Price
$17,449,000 CAD
Price Per SF
$245.17 CAD
Cap Rate
6.83%
NOI
$1,191,767 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.13
Lot Size
12.38 AC
Zoning
C-3 - Highway Commercial
Parking
486 Spaces (6.83 Spaces per 1,000 SF Leased)
Frontage
182’ on Eudora Rd
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar Tree
- Retailer
- 10,372 SF
- -
- -
- Miracle Ear
- Services
- 1,200 SF
- -
- -
- Papa John's Pizza
- Accommodation and Food Services
- 1,600 SF
- -
- -
- Ross Dress for Less
- Retailer
- 25,500 SF
- -
- -
- TJ Maxx
- Retailer
- 23,000 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar Tree | Retailer | 10,372 SF | - | - | ||
| Miracle Ear | Services | 1,200 SF | - | - | ||
| Papa John's Pizza | Accommodation and Food Services | 1,600 SF | - | - | ||
| Ross Dress for Less | Retailer | 25,500 SF | - | - | ||
| TJ Maxx | Retailer | 23,000 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,226,719 CAD | |
| Land Assessment | $5,563,714 CAD | Total Assessment | $12,790,433 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,563,714 CAD
Improvements Assessment
$7,226,719 CAD
Total Assessment
$12,790,433 CAD
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Tri-Cities Shopping Plaza | 16800-16950 Us Highway 441
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