Shopping Strip
Central FL Plaza Expansion Opportunity
1001-1019 US Hwy 27 S, Avon Park, FL 33825
Listing Price: $3,200,000
Cap Rate
5.57%
Gross SF
326,522
Rentable SF
16,300
Price/Gross SF
$9.80
Lot Size
7.50 acres
Year Built
1978
Investment Overview
Please reach out to Peter.Doukas@marcusmillichap.com for additional information.
Central FL Plaza Expansion Opportunity
Investment Highlights
- Opportunity to acquire a covered land play situated in the established retail corridor of Avon Park
- Subject property consists of a stable and fully NNN shopping center alongside 5.5+ acres of developable retail land
- Local retail rents demonstrate strong growth momentum in Q1 2023 as rents in Avon/Sebring rose at a 4.6% ann. rate during Q1, with an average gain of 4.1% over the past 3 years
- 950+ ft. of Hwy frontage offering easy access and exposure to over 35,900 VPD
- Leases feature a fixed rent increase with the majority of tenants locked in at 5%/yr
- Located in a Qualified Opportunity Zone and positioned within 1-Mile of the Airport & South Florida State College
Exclusively Listed By
Financing By
Listing Price: $3,200,000
Cap Rate
5.57%
Gross SF
326,522
Rentable SF
16,300
Price/Gross SF
$9.80
Lot Size
7.50 acres
Year Built
1978
Investment Highlights
- Opportunity to acquire a covered land play situated in the established retail corridor of Avon Park
- Subject property consists of a stable and fully NNN shopping center alongside 5.5+ acres of developable retail land
- Local retail rents demonstrate strong growth momentum in Q1 2023 as rents in Avon/Sebring rose at a 4.6% ann. rate during Q1, with an average gain of 4.1% over the past 3 years
- 950+ ft. of Hwy frontage offering easy access and exposure to over 35,900 VPD
- Leases feature a fixed rent increase with the majority of tenants locked in at 5%/yr
- Located in a Qualified Opportunity Zone and positioned within 1-Mile of the Airport & South Florida State College
Investment Overview
Please reach out to Peter.Doukas@marcusmillichap.com for additional information.
Exclusively Listed By
Financing By
