Investment Overview

Marcus & Millichap is pleased to present University Center, a 10,518 square foot strip center anchored by IHOP. The shopping strip's nationally recognized tenants occupy 67% of the GLA and contribute 67% of current base rental income. University Center is currently 100% occupied offering an investor the opportunity to acquire a stabilized asset including an IHOP outparcel in a thriving community. The property is located in northeast Orlando Florida just 1 mile from the University of Central Florida which is the largest in the US with over 68,000 students. Situated parallel to a primary retail corridor, University Center has excellent visibility and a traffic count of 43,000 vehicles per day. The area reflects outstanding demographics with a 5-Mile population of over 241,000 and average annual household incomes of $84,000. The local area has experienced excellent growth of 48% since 2000. Commercial retail property fundamentals are solid with a market vacancy of only 4.5% in a 5-Mile radius. Additionally, the submarket known as "University" has demonstrated strength in recovery from difficult market conditions with a reported 12 month rent growth of 8.4%.