Shopping Neighborhood
Golden Triangle Shopping Center
2771 W Old US Hwy 441, Mount Dora, FL 32757
Listing Price: $5,900,000
Gross SF
154,784
Rentable SF
154,784
Price/Gross SF
$38.12
Lot Size
21.79 acres
Year Built
1961
Investment Overview
We're pleased to present the offering for Golden Triangle Shopping Center located just outside Orlando, FL.
Golden Triangle Shopping Center
Investment Highlights
- VALUE-ADD SHOPPING CENTER | 28% OCCUPIED: Golden Triangle Shopping Center consists of three buildings totaling 154,784 square feet, built in 1961-1965, and situated on a large ±21.79-acre parcel
- SIGNIFICANT UPSIDE POTENTIAL: Leasing the remaining 112,516 SF of vacant space at similar rental rates could potentially add more than $1.1 million in additional cash flow
- RECENT CAPITAL IMPROVEMENTS: Over the past three years, ownership has invested in meaningful tenant improvements to support ongoing lease-up efforts.
- DEVELOPMENT POTENTIAL: The property includes two vacant parcels positioned for redevelopment. A 0.82-acre lot with frontage along US Highway 441, formerly a gas station, now demolished with a clear Phase II. An additional ±0.50-acre parcel is located between Buildings 2 and 3, providing further opportunity for new development or expansion.
- STRONG RENT GROWTH POTENTIAL IN EXPANDING SUBMARKET: The subject property's average rent of $10.30 per square foot is below the lake County submarket average of approximately $25.67 per square foot NNN, indicating strong potential upside in rental income.
- PROXIMITY TO MANY NATIONALLY RECOGNIZED RETAILERS: The subject property is directly south of a high-performing Walmart Supercenter, ranking in the top 8% of all locations nationwide. It also benefits from close proximity to Target, Publix, Lowe's, Hobby Lobby, T.J. Maxx, Kohl's, and numerous other national retailers, collectively driving strong and consistent traffic to the immediate area.
- TOP-PERFORMING RETAIL SUBMARKET IN THE ORLANDO METRO: Located in Lake County within the Orlando Metro, the submarket holds the metro's largest concentration of retail space and has maintained sub 4% vacancy since 2021, with rent growth consistently outperforming the market at 4.5% year over year.
Exclusively Listed By
Listing Price: $5,900,000
Gross SF
154,784
Rentable SF
154,784
Price/Gross SF
$38.12
Lot Size
21.79 acres
Year Built
1961
Investment Highlights
- VALUE-ADD SHOPPING CENTER | 28% OCCUPIED: Golden Triangle Shopping Center consists of three buildings totaling 154,784 square feet, built in 1961-1965, and situated on a large ±21.79-acre parcel
- SIGNIFICANT UPSIDE POTENTIAL: Leasing the remaining 112,516 SF of vacant space at similar rental rates could potentially add more than $1.1 million in additional cash flow
- RECENT CAPITAL IMPROVEMENTS: Over the past three years, ownership has invested in meaningful tenant improvements to support ongoing lease-up efforts.
- DEVELOPMENT POTENTIAL: The property includes two vacant parcels positioned for redevelopment. A 0.82-acre lot with frontage along US Highway 441, formerly a gas station, now demolished with a clear Phase II. An additional ±0.50-acre parcel is located between Buildings 2 and 3, providing further opportunity for new development or expansion.
- STRONG RENT GROWTH POTENTIAL IN EXPANDING SUBMARKET: The subject property's average rent of $10.30 per square foot is below the lake County submarket average of approximately $25.67 per square foot NNN, indicating strong potential upside in rental income.
- PROXIMITY TO MANY NATIONALLY RECOGNIZED RETAILERS: The subject property is directly south of a high-performing Walmart Supercenter, ranking in the top 8% of all locations nationwide. It also benefits from close proximity to Target, Publix, Lowe's, Hobby Lobby, T.J. Maxx, Kohl's, and numerous other national retailers, collectively driving strong and consistent traffic to the immediate area.
- TOP-PERFORMING RETAIL SUBMARKET IN THE ORLANDO METRO: Located in Lake County within the Orlando Metro, the submarket holds the metro's largest concentration of retail space and has maintained sub 4% vacancy since 2021, with rent growth consistently outperforming the market at 4.5% year over year.
Investment Overview
We're pleased to present the offering for Golden Triangle Shopping Center located just outside Orlando, FL.
Exclusively Listed By
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