12100 Lake Underhill Rd - Health Club FOR SALE


Orlando, FL 32825- Waterford Lakes
$3,035,000 USD
980-498-3293
12100 Lake Underhill Rd, Orlando, FL for Sale
$3,035,000 USD
Health Club - FOR SALE
1/6
null | 5% Cap Rate

12100 Lake Underhill Rd
Orlando, FL 32825
Waterford Lakes


HIGHLIGHTS

  • RARE LEASE STRUCTURE
  • OUTPARCEL TO TOP PERFORMING CENTER
  • HIGH TRAFFICKED RETAIL CORRIDOR

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Leased Heartland Dentals - Zero landlord responsibilities - 12 Years lease with four (4) five (5) year extensions - 10% rental Increases every 5 years and in option periods LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B OUTPARCEL TO TOP PERFORMING CENTER - Property is located on an outparcel to Lake Underhill Road Shopping Center, a BJ’s & Lowe’s Home Improvement anchored shopping center with over 2.9M visits a year RECENT RENOVATION - The Building has recently been converted to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance HIGH TRAFFICKED RETAIL CORRIDOR - Fronting Lake Underhill Rd (22,500 VPD) and a quarter mile to Alafaya trail (58.5K VPD) - Over 2.6M SF of retail space within a 1-mile radius boasting a 1.2% vacancy rate (Costar) - Under 1 mile to Waterford Lakes Town Center a one-million SF Power Center that includes: Lowe’s Home Improvement, BJ’s, Home Depot, Kohl’s and more LOCKHEED MARTIN - Site is located adjacent to the 293,532 sqft Orlando Lockheed Martin office - The 262 acre campus and manufacturing plant employs over 10K people - In 2023 Lockheed Martin’s revenue was approximately $67.57 Billion dollars

FOR SALE DETAILS

PRICE

$3,035,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,976 SF

ZONING

P-D

APN/PARCEL ID

27-2231-8987-00-010

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.