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17860 SE 109th Ave
Summerfield, FL 34491

$14,000,000 USD

General Retail For Sale  •  42,203 SF

Property Details

  • Property Type General Retail
  • Total Building Size 42,203 SF
  • Lot Size 6.82 AC
  • Building Class B
  • Year Built 1998
  • Cap Rate 6.52 %
  • Tenancy Multiple
  • Zoning B-2
0 Transit Score
35 Walk Score

Highlights

Premier signalized location along the US 27-441 (41,000 VPD) retail corridor, with close proximity to today’s best-in-class big box tenants
Located in Summerfield/The Villages—the #1 U.S. master-planned community—boasting strong growth and $1.5M+ average household net worths within 3 miles
13,700+ SF recently leased at rates 26% above prior rents; in-place rents still average 15%+ below market
Ideal tenant mix with nearly 80% of GLA and revenue derived from service, restaurant, and medical tenants, promoting in-person visits
Favorable lease structures allowing for full reimbursement of expenses and annual base rent escalations from all but one tenant
Over $250,000 in recent capital improvements, including parking lot upgrades, enhanced signage, and landscaping improvements

Property Flyers

Cap Rate: 6.52 %

Amenities

  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 251
Type: Surface
Included in Rent: Yes
Michael Brewster 813-758-8797 Colliers
Michael Brewster 813-758-8797 Colliers