Skip to main content

Shopping Strip

Lancaster Plaza - Value Add - Income Tax Free State

530 W Lancaster Rd, Orlando, FL 32809

Listing Price: $1,350,000

Cap Rate
6.27%
Rentable SF
8,372
Lot Size
0.61 acres
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to present Lancaster Plaza, a truly rare Value-Add opportunity minutes from The Florida Mall in the highly affluent market of Orlando, FL. This unique investment opportunity is a High Traffic Neighborhood Shopping center and is well-positioned in a grade A location adjacent to the corner of Lancaster and Winegard Road, A 4 Way Signalized Intersection seeing over 17,000 cars per day. Additionally, 213,000+ residents reside within a 10-minute drive of the property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. Orlando, Florida is the county seat of Orange County and home to over 2.5 million residents within the metropolitan area. Benefiting from being the 23rd largest metro in the country and the 6th largest in the southeast, Orlando is predominately known for conventions, concerts, and world-renowned theme parks such as Universal Studios, Magic Kingdom, Epcot, Aquatica Park, and Disney World which attracts over 75 million visitors annually. Conveniently located minutes from the Orlando International Airport, Walt Disney World Resort, and popular area attractions, The Florida Mall ® is Central Florida's largest shopping center, spanning 1.8 million square feet and welcoming more than 20 million visitors annually.

Investment Highlights

  • Minutes From The Florida Mall® with Over 20 Million Visitors Annually.
  • 4 Way Signalized Intersection - Below Replacement Cost.
  • Large Value-Add Opportunity in Converting Gross Leases to NNN, and Raising Current Rents to Market.
  • 100% Occupied 6-Tenant Strip Center Featuring a Strong Mix of Internet Resistant Tenants.
  • A Majority of the Tenants Feature Annual Increases Throughout Initial Term.
  • Close Proximity to Numerous National Retailers Including The Florida Mall®, McDonald's, Pizza Hut, Dunkin Donuts, Aldi, RaceTrac, Starbucks, Advance Auto Parts, Walmart Super Center, And Many More.

Exclusively Listed By

Shopping Strip

Lancaster Plaza - Value Add - Income Tax Free State

Listing Price: $1,350,000

Cap Rate
6.27%
Rentable SF
8,372
Lot Size
0.61 acres
Year Built
1989

Investment Highlights

  • Minutes From The Florida Mall® with Over 20 Million Visitors Annually.
  • 4 Way Signalized Intersection - Below Replacement Cost.
  • Large Value-Add Opportunity in Converting Gross Leases to NNN, and Raising Current Rents to Market.
  • 100% Occupied 6-Tenant Strip Center Featuring a Strong Mix of Internet Resistant Tenants.
  • A Majority of the Tenants Feature Annual Increases Throughout Initial Term.
  • Close Proximity to Numerous National Retailers Including The Florida Mall®, McDonald's, Pizza Hut, Dunkin Donuts, Aldi, RaceTrac, Starbucks, Advance Auto Parts, Walmart Super Center, And Many More.

Investment Overview

Marcus & Millichap is pleased to present Lancaster Plaza, a truly rare Value-Add opportunity minutes from The Florida Mall in the highly affluent market of Orlando, FL. This unique investment opportunity is a High Traffic Neighborhood Shopping center and is well-positioned in a grade A location adjacent to the corner of Lancaster and Winegard Road, A 4 Way Signalized Intersection seeing over 17,000 cars per day. Additionally, 213,000+ residents reside within a 10-minute drive of the property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. Orlando, Florida is the county seat of Orange County and home to over 2.5 million residents within the metropolitan area. Benefiting from being the 23rd largest metro in the country and the 6th largest in the southeast, Orlando is predominately known for conventions, concerts, and world-renowned theme parks such as Universal Studios, Magic Kingdom, Epcot, Aquatica Park, and Disney World which attracts over 75 million visitors annually. Conveniently located minutes from the Orlando International Airport, Walt Disney World Resort, and popular area attractions, The Florida Mall ® is Central Florida's largest shopping center, spanning 1.8 million square feet and welcoming more than 20 million visitors annually.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower