Shopping Neighborhood
Florida Center | Value-Add | 42K VPD | 2008 Construction | YR 2 Total Return 10.53%
9350 S Orange Blossom Trl, Orlando, FL 32837
Listing Price: $5,660,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire this fully leased, multi-tenant retail center in South Orlando, offered at a 6.37% cap rate with a projected Year 2 cap rate of 7.55%. Through contractual rent growth and near-term mark-to-market opportunities, the property is projected to generate a Year 2 total return exceeding 10.5%.
Income growth is supported by 3–4% annual rent escalations across most leases. Additional upside stems from two lease expirations in April, currently paying $9.84 and $13.34 per square foot. These spaces are conservatively underwritten at $18 NNN, while in-place rents average approximately $17 per square foot. Market rents average $31 per square foot, positioning the asset for meaningful NOI expansion upon rollover. With vacancy at just 3.1%, the leasing outlook remains favorable.
The 21,222-square-foot neighborhood center sits on 1.92 acres and is leased to eight service-oriented tenants that drive steady daily traffic and consistent cash flow. The tenant mix is tailored to the surrounding residential and retail/commercial trade area, reinforcing long-term occupancy stability.
Strategically positioned along one of South Orlando’s primary commercial corridor, the property offers frontage exposure to more than 42,000 vehicles per day. The infill location is fully built out, limiting new retail competition and supporting sustained tenant demand.
Approximately 194,000 residents live within a five-mile radius, with average household incomes of $86,000, providing strong demographic fundamentals for long-term retail performance. The property is further supported by proximity to major national retailers including The Florida Mall, Sam's Club, Walmart Supercenter, Target, Publix, Lowe's, Home Depot, and BJ's Wholesale Club, all of which drive significant consumer traffic to the immediate trade area and enhance long-term retail synergy.
Florida Center | Value-Add | 42K VPD | 2008 Construction | YR 2 Total Return 10.53%
Investment Highlights
- STRONG IN-PLACE INCOME WITH NNN LEASE STRUCTURE: The property is fully leased on a NNN basis, with most leases featuring 3-4% annual rent increases, delivering consistent income growth.
- STRONG DEMOGRAPHICS AND CONSUMER BASE: Located within a dense trade area with approximately 194,000 residents within five miles and average household incomes of $86,000, supporting long-term demand.
- PRICED BELOW REPLACEMENT COST: Offered at approximately $266 PSF, well below today's construction costs for comparable retail product.
- STRONG INITIAL YIELD WITH NEAR-TERM UPSIDE: Offered at a 6.37% Year 1 Cap Rate, with a projected Year 2 Cap Rate of 7.55% based on conservative pro forma rents of $18 NNN for two upcoming lease expirations. Year 2 total returns are projected to exceed 10.5% based on the re-leasing of the two spaces.
- IMMEDIATE VALUE-ADD OPPORTUNITY: Current average rents are approximately $17 PSF, with two tenants paying $9.84 and $13.34 PSF expiring in April. Market rents average $31 PSF overall and $38 PSF within the submarket, which is supported by a tight 3.1% vacancy rate.
- HIGH VISIBILITY ORLANDO RETAIL CORRIDOR: Prominent frontage along South Orange Blossom Trail with exposure to more than 42,000 vehicles per day, along with close proximity to the Florida Turnpike (95,000+ VPD). The property offers excellent accessibility with three points of ingress/egress from Orange Blossom Trail, Consulate Drive, and Principal Row.
- FUNCTIONAL TENANT FEATURES: One of the near-term rollover units includes a rear loading dock, enhancing tenant demand and leasing flexibility.
- NEWER CONSTRUCTION: Built in 2008, the 21,222 SF center is situated on 1.92 AC and designed to support long term tenant demand.
Exclusively Listed By
Financing By
Shopping Neighborhood
Florida Center | Value-Add | 42K VPD | 2008 Construction | YR 2 Total Return 10.53%
Listing Price: $5,660,000
Investment Highlights
- STRONG IN-PLACE INCOME WITH NNN LEASE STRUCTURE: The property is fully leased on a NNN basis, with most leases featuring 3-4% annual rent increases, delivering consistent income growth.
- STRONG DEMOGRAPHICS AND CONSUMER BASE: Located within a dense trade area with approximately 194,000 residents within five miles and average household incomes of $86,000, supporting long-term demand.
- PRICED BELOW REPLACEMENT COST: Offered at approximately $266 PSF, well below today's construction costs for comparable retail product.
- STRONG INITIAL YIELD WITH NEAR-TERM UPSIDE: Offered at a 6.37% Year 1 Cap Rate, with a projected Year 2 Cap Rate of 7.55% based on conservative pro forma rents of $18 NNN for two upcoming lease expirations. Year 2 total returns are projected to exceed 10.5% based on the re-leasing of the two spaces.
- IMMEDIATE VALUE-ADD OPPORTUNITY: Current average rents are approximately $17 PSF, with two tenants paying $9.84 and $13.34 PSF expiring in April. Market rents average $31 PSF overall and $38 PSF within the submarket, which is supported by a tight 3.1% vacancy rate.
- HIGH VISIBILITY ORLANDO RETAIL CORRIDOR: Prominent frontage along South Orange Blossom Trail with exposure to more than 42,000 vehicles per day, along with close proximity to the Florida Turnpike (95,000+ VPD). The property offers excellent accessibility with three points of ingress/egress from Orange Blossom Trail, Consulate Drive, and Principal Row.
- FUNCTIONAL TENANT FEATURES: One of the near-term rollover units includes a rear loading dock, enhancing tenant demand and leasing flexibility.
- NEWER CONSTRUCTION: Built in 2008, the 21,222 SF center is situated on 1.92 AC and designed to support long term tenant demand.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire this fully leased, multi-tenant retail center in South Orlando, offered at a 6.37% cap rate with a projected Year 2 cap rate of 7.55%. Through contractual rent growth and near-term mark-to-market opportunities, the property is projected to generate a Year 2 total return exceeding 10.5%. Income growth is supported by 3–4% annual rent escalations across most leases. Additional upside stems from two lease expirations in April, currently paying $9.84 and $13.34 per square foot. These spaces are conservatively underwritten at $18 NNN, while in-place rents average approximately $17 per square foot. Market rents average $31 per square foot, positioning the asset for meaningful NOI expansion upon rollover. With vacancy at just 3.1%, the leasing outlook remains favorable. The 21,222-square-foot neighborhood center sits on 1.92 acres and is leased to eight service-oriented tenants that drive steady daily traffic and consistent cash flow. The tenant mix is tailored to the surrounding residential and retail/commercial trade area, reinforcing long-term occupancy stability. Strategically positioned along one of South Orlando’s primary commercial corridor, the property offers frontage exposure to more than 42,000 vehicles per day. The infill location is fully built out, limiting new retail competition and supporting sustained tenant demand. Approximately 194,000 residents live within a five-mile radius, with average household incomes of $86,000, providing strong demographic fundamentals for long-term retail performance. The property is further supported by proximity to major national retailers including The Florida Mall, Sam's Club, Walmart Supercenter, Target, Publix, Lowe's, Home Depot, and BJ's Wholesale Club, all of which drive significant consumer traffic to the immediate trade area and enhance long-term retail synergy.
Exclusively Listed By
Financing By
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