1002-1086 E Highway 50
Clermont, FL 34711

SRS Investment Properties Group, as exclusive broker, is pleased to offer Clermont Regional Center - a community center anchored by At Home and Fitness CF and located in Clermont, Florida. The Center boasts excellent, recent leasing momentum highlighted by a new, national anchor tenant in At Home, which back-filled a Kmart box at the Property in 2018. Occupying 99,469 +/- SF, At Home has tremendous corporate momentum, having just reported a 3rd quarter net sales increase of $267 million (25.5%) with same store sales having increased by 5.2%. It was the chain’s 19th consecutive quarter of same store sales growth and 18th consecutive quarter of over 20% net sales growth. National and regional anchors – At Home and Fitness CF – account for 76.7% of the GLA at the Property, which is comprised of 85.8% national and regional tenants, overall. At Home just signed a new 5-year lease while Fitness CF just signed a 15-year lease, providing aggregate anchor term exceeding 10 years, further enabling buyer ability to secure attractive financing. The tenant mix at Clermont Regional Center is marked by a solid combination of internet-resistant anchors and shops. At Home continues to report phenomenal growth while Fitness CF provides a long-term fitness anchor, drawing members to the Property daily. The balance of tenants at the Property consists of automotive tenants, restaurants, financial service providers and more, which tend to be sheltered from internet competition. The Property has benefited from significant capital improvements, which mitigate near-term costs for the next iteration of ownership. Long-term roof warranties are in place, which cover 95% of the Center GLA. Additionally, the entire parking area was recently resurfaced and restriped in conjunction with the renovation of the Kmart box to accommodate new anchor, At Home; all of which have set up Clermont Regional Center for ongoing success. Location The Center is situated in an extremely high profile location in the Clermont market, at the confluence of US-27 and FL-50. FL-50 connects I-75 to the west with Downtown Orlando to the east, accommodating 47,000 VPD, while US-27 runs south to Miami and north to Ocala, accommodating 33,000 VPD. Clermont is a bourgeoning West Orlando submarket that serves as the commercial and retail hub for southern Lake County. Clermont Regional Center is positioned in the heart of the area’s high traffic retail node, which draws consumers from the north, south and west with major retailers like Walmart, The Home Depot, Lowe’s, BJ’s Wholesale, Belk, Publix, Kohl’s, JCPenney, Ross, T.J.Maxx, Hobby Lobby, Dick’s, Super Target and more. The Property is positioned just 1.5 miles from Orlando Health’s South Lake Hospital and 2.5 miles from Lake Sumter State College. Clermont Regional is situated 23 miles west of Downtown Orlando, within the Orlando-Kissimmee-Sanford, FL MSA. Situated in the central part of Florida, Orlando serves as the county seat for Orange County as well as the central component for the Orlando-Kissimmee-Sanford, FL MSA which has a population of 2.387 million people. Orlando is the 24th largest MSA in the country, 6th largest in the Southeast and 3rd largest in Florida. It is the state’s largest inland city.