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Shopping Strip

University Center

11571 University Blvd, Orlando, FL 32817

Listing Price: $4,540,000

Cap Rate
6.50%
Gross SF
10,518
Rentable SF
10,518
Price/Gross SF
$431.64
Lot Size
1.55 acres
Year Built
2003

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%.

Investment Highlights

  • 100% Leased Strip Center includes IHOP Outparcel
  • Anchored by National Tenants with 67% GLA
  • Parallel to Primary Retail Corridor with 43,000 VPD

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Shopping Strip

University Center

Listing Price: $4,540,000

Cap Rate
6.50%
Gross SF
10,518
Rentable SF
10,518
Price/Gross SF
$431.64
Lot Size
1.55 acres
Year Built
2003

Investment Highlights

  • 100% Leased Strip Center includes IHOP Outparcel
  • Anchored by National Tenants with 67% GLA
  • Parallel to Primary Retail Corridor with 43,000 VPD

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%.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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