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Citrus Tower Retail 423 Citrus Tower Blvd 7,190 SF Retail Building Clermont, FL 34711 $6,965,926 CAD ($968.84 CAD/SF) 5.20% Cap Rate


Investment Highlights
- High Average Income of $105,471 within 1 min drive time of property
- Clermont voted “Best City to Live in Central FL” by Orlando Business Journal Readers Choice for 2017
- 2nd Best State for Business in the United States by Chief Executive Magazine (2021)
- Rapidly Growing Submarket with a projected annual growth rate 2.72% through 2028 within five miles of the Property
- Largest City in Lake County at a population of over 44,800 within the 19 square miles of city limits
Executive Summary
First Capital Property Group is pleased to present 423 Citrus Tower Blvd Units 101-104 Clermont, FL 34711; a 100% occupied office/retail property located within the new Citrus Tower Blvd Office Park development. This asset is anchored by Kids Central Inc. – Florida Lutheran Services a State of Florida funded leader in child welfare support services. Kids Central Inc.’s long term lease at this location reflects its strategic commitment to the growing Clermont market offering investors stable, creditworthy income from a single tenant net-leased facility.
Positioned within the Citrus Tower Blvd office/retail condo building, this property benefits from over 300 feet of direct frontage and excellent visibility from Citrus Tower Blvd and Mohawk Road. This property is positioned at the center of a dynamic, mixed-use ecosystem comprised of office, medical, retail, and small-bay flex warehouse users creating a rare convergence of daytime population, employment density, and consumer demand.
Strategically located near the Citrus Tower Blvd Publix anchored power center and one mile from Orlando Health’s South Lake Hospital and medical corridor, the property naturally attracts a wide cross-section of people, including professionals, healthcare workers, patients, logistics operators, entrepreneurs, and daily consumers.
Positioned within the Citrus Tower Blvd office/retail condo building, this property benefits from over 300 feet of direct frontage and excellent visibility from Citrus Tower Blvd and Mohawk Road. This property is positioned at the center of a dynamic, mixed-use ecosystem comprised of office, medical, retail, and small-bay flex warehouse users creating a rare convergence of daytime population, employment density, and consumer demand.
Strategically located near the Citrus Tower Blvd Publix anchored power center and one mile from Orlando Health’s South Lake Hospital and medical corridor, the property naturally attracts a wide cross-section of people, including professionals, healthcare workers, patients, logistics operators, entrepreneurs, and daily consumers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,190 SF
Building Class
B
Year Built
2023
Price
$6,965,926 CAD
Price Per SF
$968.84 CAD
Cap Rate
5.20%
NOI
$362,228 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.04
Lot Size
0.16 AC
Zoning
PUD - Planned Urban Development
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Kids Central, Inc.
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Kids Central, Inc. | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-22-26-1000-OCA-00000 | Improvements Assessment | $0 CAD |
| Land Assessment | $188,311 CAD | Total Assessment | $188,311 CAD |
Property Taxes
Parcel Number
20-22-26-1000-OCA-00000
Land Assessment
$188,311 CAD
Improvements Assessment
$0 CAD
Total Assessment
$188,311 CAD
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Citrus Tower Retail | 423 Citrus Tower Blvd
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