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Investment Highlights

  • Grocery Anchored Shopping Center
  • Long term tenants
  • Growth market
  • Only shopping center in the trade area
  • NEW ROOF

Executive Summary

Anchored by Save-A-Lot, Family Dollar, and Maxy's. This center is uniquely positioned in north Lake County and is the only grocery anchored plaza that serves the city of Umatilla, Altoona, and other towns. The highway 19 frontage, and 7 curb cuts make this center easy to find, and easy to access. This center consists of many long term tenants, Family Dollar and Save-A-Lot have been here since the 1980's. This roof was installed in 2023, and new parking lot lighting installed in 2021. This being 100% occupied with long term tenants, and leases with tenant reimbursements make this property a great investment with minimal landlord responsibilities.
Lake County has experienced rapid population growth, nearly 50% since 2010. Retail rent growth is at 4.4%year over year.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
47,761 SF
Building Class
B
Year Built/Renovated
1987/2023
Price
$6,790,000 CAD
Price Per SF
$142.17 CAD
Cap Rate
7.57%
NOI
$514,032 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
9.85 AC
Zoning
C-2 - City of Umatilla
Parking
348 Spaces (7.29 Spaces per 1,000 SF Leased)
Frontage
788’ on N Central Ave

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • MAXYS
  • Retailer
  • 99,999 SF
  • -
  • -
  • -
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Save A Lot is one of the largest discount grocers in the country, committed to providing customers with quality products at everyday low prices. Shoppers will find fresh produce, in-store cut meat, and exclusive award-winning brands that help save money. The store also offers a wide selection of popular national brands. Save A Lot focuses on keeping costs low, so customers can maximize their spending power. With a select assortment of around 1,800 frequently purchased products, they reduce the need for excess space and eliminate slow-moving items from their distribution. This streamlined approach enables them to pass the savings directly on to their customers, ensuring high-quality groceries at affordable prices every day of the week.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
MAXYS Retailer 99,999 SF - - -
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
12-18-26-0001-000-00300
Land Assessment
$1,108,940 CAD
Improvements Assessment
$3,437,721 CAD
Total Assessment
$4,546,662 CAD
  • Listing ID: 40366017

  • Date on Market: 2026-05-01

  • Last Updated:

  • Address: 911-933 N Central Ave, Umatilla, FL 32784

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