Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2006
Building Area Gross
Occupancy 100.0 %

Asset Description

The Property is a 9,460 square foot multi-tenant retail center located in the enticing market of Clermont, Florida. The Subject Property has access to roadways such as US Hwy 27, SR 50, Hancock Road, Citrus Tower Boulevard, and Florida’s Turnpike which provide Shoppes at Spring Valley an ideal connection to numerous area locations and destinations such as Orlando Health - South Lake Hospital, The National Training Center, Downtown Clermont, and Downtown Orlando. The City of Clermont has become a hotspot for growth with the upcoming Olympus Development, a 243-acre master planned community combining sports, wellness, entertainment, and residential development which is expected to generate over $1.4 billion in local economic impact during a 10-year period.

Investment Highlights

  • The Property is stabilized while still allowing for a potential buyer to influence the tenant mix and the current below-market rent with multiple leases expiring by 2025.
  • The Property is an outparcel to the adjacent Kohl’s retailer. Shoppes at Spring Valley benefits from increased foot traffic of over 20,000 monthly visitors (April 2022) that are drawn to the neighboring department store location.
  • The building has been well maintained by the current Property owner. This includes regular roof inspections, pest maintenance, and addressing repairs in a timely manner. Attracting national, regional, and local tenants such as Allstate, Trustco Bank, Medicap Pharmacy, Elegant Nail Spa, and others.
  • The City of Clermont has experienced tremendous growth since the beginning of the century. In 2000, the population was 9,333, while in 2022 it is estimated to have increased to 44,396 people. The population increase represents over a 375% increase in less than 25 years. The considerable influx of residents demonstrates the attractiveness of Clermont to growing families because of the local, regional, and national business presence throughout the area.
Last Updated Date: 23 Jun 2022

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Last Updated Date: 23 Jun 2022

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