Foster's Corner 515 N Park Ave 18,288 SF 87% Leased Retail Building Apopka, FL 32712 $5,049,373 CAD ($276.10 CAD/SF) 7% Cap Rate

Marcus & Millichap’s TC Retail Group is pleased to exclusively present Foster’s Corner, a 18,288-square-foot retail and medical center situated on an oversized 1.90-acre parcel at 515 N Park Ave in Apopka, Florida. Offered at $199.58/SF, the property provides a compelling value proposition with newer construction priced below replacement cost, generating both stability and upside for investors.
Foster’s Corner features 9 diverse tenants, including nationally recognized brands, medical practices, and regional service-oriented businesses. With current Net rents averaging $19.55 per square foot, significantly below the Apopka market average of $29.80, the property provides a substantial value-add opportunity with reliable rental income and minimal landlord responsibility. Additionally, the property’s configuration may allow for future retail development along Lake McCoy Drive.
Foster’s Corner offers meaningful value-add potential. The center achieves a pro forma cap rate of approximately 9.87%, providing a clear path to enhanced yield and long-term value creation.
The site benefits from high visibility and accessibility along N Park Ave across from Dream Lake Elementary and Apopka Memorial Middle School. Nearby anchors including Walmart, Publix, Lowe’s, and Wendy’s drive steady daily traffic and reinforce the center’s long-term tenant demand.
Apopka’s strong residential and commercial growth continues to fuel demand for retail and service-oriented space, positioning Foster’s Corner as a premier investment opportunity. The Greater Orlando region’s expanding population and economic base further support long-term stability and appreciation.