Shopping Neighborhood
North Lane Plaza | Core Value-Add | 10.07% Proforma CAP
5076 North Ln, Orlando, FL 32808
Listing Price: $2,904,000
Investment Overview
Marcus & Millichap is pleased to present 5076 North Lane Plaza, a 21,600 square-footretail center located on 1.88 acresat 5076 North Lane, Orlando, FL 32808. The property is currently 79.60% occupied, offering a value-add opportunity for buyers to increase returns through lease-up and operational improvements.
Priced at $134.44per square foot, 5076 North Lane Plaza is offered below replacement cost. The subject property is currently 20.40% vacant, well above the overall market's 3.5% vacancy rate (per CoStar), indicating significant upside potential in a tightening market. Additionally, the property’s current average rents of $16.30 per square foot are below the market average of $29.48 per square foot, presenting further rental growth opportunities.
North Lane Plaza is located near major retailers such as Walmart, 7 Eleven, and Walgreens, further enhancing its appeal. The area's robust economic growth, fueled by both residential and commercial development, positions this property as a stable and attractive investment within the thriving Greater Orlando market.
North Lane Plaza | Core Value-Add | 10.07% Proforma CAP
Investment Highlights
- Major Value-Add Opportunity: A proforma 10.09% cap rate can be achieved with the lease-up of vacant space, with additional value in implementing reimbursement clauses in current leases.
- High Cash-on-Cash Proforma Return: Proforma 13.07% cash-on-cash return based on potential lease-up and operational improvements.
- Priced Below Replacement Cost: Offered at $134.44 per square foot, well below the replacement cost for similar properties.
- Strong Market Dynamics: The subject property has a 20.40% vacancy rate, offering a substantial value-add opportunity in a market with a low 3.50% overall vacancy rate(per CoStar).
- Rental Rate Upside: Average rents for the subject property are $16.30 per square foot, compared to the CoStar market average of $29.48 per square foot, providing an opportunity for rent growth.
- New Roof: The roof was replaced in 2020, potentially reducing future capital expenditure needs.
- Property Overview: The center is comprised of 21,600 rentable square feet, divided into 11 total units, providing a diversified income stream. The property sits on 1.88 acres.
- Major Market Location: The property is situated next to major national retailers such as 7-Eleven, Walmart, Walgreens, Advance Auto, AutoZone, and Nature's Own, ensuring strong visibility and high traffic volume. Orlando is a significant economic hub, and this property is strategically located near a major four-way intersection, further enhancing its appeal to tenants and investors.?
Exclusively Listed By
Financing By
Shopping Neighborhood
North Lane Plaza | Core Value-Add | 10.07% Proforma CAP
Listing Price: $2,904,000
Investment Highlights
- Major Value-Add Opportunity: A proforma 10.09% cap rate can be achieved with the lease-up of vacant space, with additional value in implementing reimbursement clauses in current leases.
- High Cash-on-Cash Proforma Return: Proforma 13.07% cash-on-cash return based on potential lease-up and operational improvements.
- Priced Below Replacement Cost: Offered at $134.44 per square foot, well below the replacement cost for similar properties.
- Strong Market Dynamics: The subject property has a 20.40% vacancy rate, offering a substantial value-add opportunity in a market with a low 3.50% overall vacancy rate(per CoStar).
- Rental Rate Upside: Average rents for the subject property are $16.30 per square foot, compared to the CoStar market average of $29.48 per square foot, providing an opportunity for rent growth.
- New Roof: The roof was replaced in 2020, potentially reducing future capital expenditure needs.
- Property Overview: The center is comprised of 21,600 rentable square feet, divided into 11 total units, providing a diversified income stream. The property sits on 1.88 acres.
- Major Market Location: The property is situated next to major national retailers such as 7-Eleven, Walmart, Walgreens, Advance Auto, AutoZone, and Nature's Own, ensuring strong visibility and high traffic volume. Orlando is a significant economic hub, and this property is strategically located near a major four-way intersection, further enhancing its appeal to tenants and investors.?
Investment Overview
Marcus & Millichap is pleased to present 5076 North Lane Plaza, a 21,600 square-footretail center located on 1.88 acresat 5076 North Lane, Orlando, FL 32808. The property is currently 79.60% occupied, offering a value-add opportunity for buyers to increase returns through lease-up and operational improvements. Priced at $134.44per square foot, 5076 North Lane Plaza is offered below replacement cost. The subject property is currently 20.40% vacant, well above the overall market's 3.5% vacancy rate (per CoStar), indicating significant upside potential in a tightening market. Additionally, the property’s current average rents of $16.30 per square foot are below the market average of $29.48 per square foot, presenting further rental growth opportunities. North Lane Plaza is located near major retailers such as Walmart, 7 Eleven, and Walgreens, further enhancing its appeal. The area's robust economic growth, fueled by both residential and commercial development, positions this property as a stable and attractive investment within the thriving Greater Orlando market.
Exclusively Listed By
Financing By
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