446 Rinehart Rd - Storefront FOR SALE


Lake Mary, FL 32746
$4,914,000 USD
760-448-2449
446 Rinehart Rd, Lake Mary, FL for Sale
$4,914,000 USD
Storefront - FOR SALE
1/8
null | 5.9% Cap Rate

446 Rinehart Rd
Lake Mary, FL 32746


HIGHLIGHTS

  • New Construction Storefront Retail Buildings | Properties Can be Purchased Together or Separately 
  • 10 Year NNN Leases with Annual Rent Growth | Synergistic Medical/Retail Tenant Mix
  • Consisting of Tenants such as Jimmy John’s, Urgent Vet, Rumble Boxing, Clean Eatz, Heartland Dental, & 100% Chiropractic
  • Immediately Adjacent to Orlando Health’s New Lake Mary Campus (250+ Beds)
  • Located Directly in Front of the New Orlando Health Multi-Specialty Medical Office Facility & Future Planned 28,000 SF Medical Office Facility 
  • The Subject Properties are Located within the New $800MM, 150 Acre, Lake Mary Wellness and Technology Park

OVERVIEW

Lee & Associates is pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Bent's Landing Retail Center Building 1 “Subject Property”, located at 446 Rinehart Rd, in Lake Mary, FL (Orlando MSA). The Property features brand new 2023 construction of a 7,224 SF retail building that resides on a 1.68-acre parcel. Part of a new development that consists of two Class “A” Medical Office Buildings totaling 56,000 SF, being delivered in 2024. The Subject property is 100% leased to National tenants Urgent Vet, 100% Chiropractic, Rumble Boxing. All tenants are on new 10-year leases with a mix of 3% annual and 10% every 5-year rent increases. Bent's Landing Retail Center is located immediately adjacent to Orlando Health's new Lake Mary Campus (250+ Beds).

FOR SALE DETAILS

PRICE

$4,914,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bent's Landing Retail Center- Building 1

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

M1A

APN/PARCEL ID

06-20-30-300-0200-0000

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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

Ryan BennettLee & AssociatesMore Info
760-448-2449

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