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Shopping Strip

Nobles Town Center | Value-Add Opportunity | Income Tax Free State

1450 North Blvd E, Leesburg, FL 34748

Listing Price: $1,550,000

Cap Rate
4.79%
Rentable SF
10,125
Lot Size
1.59 acres
Year Built
2008

Investment Overview

Marcus and Millichap is pleased to present The Nobles Town Center, located on US Road 441 in Leesburg, Florida. The Center boasts multiple tenants, which include: Studio Styles, The Succulent Soapery, Edward Jones-Financial Advisor, and Leesburg Dance Centre. The subject property provides numerous benefits from its prime location that sees 53,500 AADT on US-441.Some immediate upside benefits are 77% occupancy, sub-market rents and immense surrounding residential growth that supplements retail growth. Given its close proximity to The Villages, Leesburg provides a stable framework for a healthy and growing economy. On any given day, nearly 50,000 people are seen commuting to the Leesburg market.

Investment Highlights

  • Immediate Upside Realization From Gross Lease Conversion To NNN
  • High Traffic Location-53,500AADTOnUS-441
  • Priced Well Below Replacement Cost
  • Income Tax Free State
  • Below Market Rents
  • Orlando MSA
  • Large Vacancy
  • Built in 2008

Exclusively Listed By

Financing By

Shopping Strip

Nobles Town Center | Value-Add Opportunity | Income Tax Free State

Listing Price: $1,550,000

Cap Rate
4.79%
Rentable SF
10,125
Lot Size
1.59 acres
Year Built
2008

Investment Highlights

  • Immediate Upside Realization From Gross Lease Conversion To NNN
  • High Traffic Location-53,500AADTOnUS-441
  • Priced Well Below Replacement Cost
  • Income Tax Free State
  • Below Market Rents
  • Orlando MSA
  • Large Vacancy
  • Built in 2008

Investment Overview

Marcus and Millichap is pleased to present The Nobles Town Center, located on US Road 441 in Leesburg, Florida. The Center boasts multiple tenants, which include: Studio Styles, The Succulent Soapery, Edward Jones-Financial Advisor, and Leesburg Dance Centre. The subject property provides numerous benefits from its prime location that sees 53,500 AADT on US-441.Some immediate upside benefits are 77% occupancy, sub-market rents and immense surrounding residential growth that supplements retail growth. Given its close proximity to The Villages, Leesburg provides a stable framework for a healthy and growing economy. On any given day, nearly 50,000 people are seen commuting to the Leesburg market.

Exclusively Listed By

Financing By

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