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Shopping Community

Big Lots Anchored

35874 US-27, Haines City (Orlando), FL 33844

Listing Price: $14,500,000

Cap Rate
6.50%
Gross SF
131,501
Rentable SF
131,501
Price/Gross SF
$110.27
Lot Size
17.60 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present Heart of Florida Shopping Center located at 35938 Hwy 27, Haines City, Polk County, Florida. Heart of Florida Shopping Center is a 131,501 SF multi-tenant retail center situated on 20.0± acres of land and anchored by national tenants including Big Lots, Tractor Supply and Dollar General Market. The center contains a diverse mix of national, regional and local tenants. 82% of the current GLA is occupied by national tenants representing 61% of the center’s income. Rents at the center are below market and there is currently over 3,850 SF available for lease, creating opportunities for investors to add value. Additionally, there is the possibility of adding an outparcel in the front of the building. The Heart of Florida Shopping Center is parallel to the main traffic artery and highly visible with five excellent ingress and egress. It is also supported by strong demographics that has seen the population grow by over 50% since 2000. The property has over 1,300 feet of frontage on US Hwy 27 with traffic counts in excess of 34,500 vehicles daily. Nearby national retailers include Walmart, Winn-Dixie, ALDI, Walgreens, CVS, Dollar Tree, Goodyear Tire, H&R Block, Papa Johns, Dairy Queen, Subway, Popeye’s, Taco Bell Checkers and more.

Investment Highlights

  • Grocery Anchored Shopping Center with Tractor Supply & Big Lots
  • Outparcel Included (Recent $1M Offer)
  • Resurfaced Parking Lot ($360,000)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $14,500,000

Cap Rate
6.50%
Gross SF
131,501
Rentable SF
131,501
Price/Gross SF
$110.27
Lot Size
17.60 acres
Year Built
1990

Investment Highlights

  • Grocery Anchored Shopping Center with Tractor Supply & Big Lots
  • Outparcel Included (Recent $1M Offer)
  • Resurfaced Parking Lot ($360,000)

Investment Overview

Marcus & Millichap is pleased to present Heart of Florida Shopping Center located at 35938 Hwy 27, Haines City, Polk County, Florida. Heart of Florida Shopping Center is a 131,501 SF multi-tenant retail center situated on 20.0± acres of land and anchored by national tenants including Big Lots, Tractor Supply and Dollar General Market. The center contains a diverse mix of national, regional and local tenants. 82% of the current GLA is occupied by national tenants representing 61% of the center’s income. Rents at the center are below market and there is currently over 3,850 SF available for lease, creating opportunities for investors to add value. Additionally, there is the possibility of adding an outparcel in the front of the building. The Heart of Florida Shopping Center is parallel to the main traffic artery and highly visible with five excellent ingress and egress. It is also supported by strong demographics that has seen the population grow by over 50% since 2000. The property has over 1,300 feet of frontage on US Hwy 27 with traffic counts in excess of 34,500 vehicles daily. Nearby national retailers include Walmart, Winn-Dixie, ALDI, Walgreens, CVS, Dollar Tree, Goodyear Tire, H&R Block, Papa Johns, Dairy Queen, Subway, Popeye’s, Taco Bell Checkers and more.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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