Silver Star Shopping Center | 425 W Silver Star Rd
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Silver Star Shopping Center 425 W Silver Star Rd
61,100 SF 100% Leased Retail Building Ocoee, FL 34761 $7,995,000 ($131/SF) 7.29% Cap Rate
Investment Highlights
- Retail Strip Center Details: 61,100 SF on 7.87 acres, 24 fully leased units, 70% of leases expiring in 2025 without renewal options.
- Value-Add Opportunity: CoStar reports show leasing rates above $20 NNN; converting leases to $14 NNN boosts valuation to $11M+ at a 7% cap.
- Strong Demographics: Over 4,400 residents within a 1-mile radius and 62,000+ within 3 miles, with a median household income exceeding $72,000.
- Triple Nets: All leases allow reimbursements of taxes, insurance and maintenance, but ownership is not collecting.
- Strategic Location: Strategically located in Ocoee, a growing Orlando MSA market near major highways, residential areas, and commercial hubs.
- Proximity to Key Anchors: Near major retailers and businesses, ensuring steady traffic and tenant retention.
Executive Summary
Tony Nguyen, CCIM with The TRG Group, is pleased to present this fully occupied retail shopping center in Ocoee, Florida. Encompassing 61,100 SF on 7.87 acres, the property features 24 units with 100% occupancy, providing stable cash flow and a cap rate of 7.29%. All leases are triple net leases, but ownership is not collecting CAM. Positioned in a growing market within the Orlando MSA, the property benefits from robust local demographics, including over 62,000 residents within 3 miles and a median household income exceeding $72,000. This property offers significant value-add opportunities, with 70% of leases expiring in 2025, allowing for repositioning to NNN leases and the possibility of increasing value to over $11M. Its prime location near other retailers, concentrated traffic counts, ample parking with 231 spaces and development potential for an outparcel make this asset an exceptional investment opportunity. Contact us to learn more about this offering.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
61,100 SF
Building Class
B
Year Built
1966
Price
$7,995,000
Price Per SF
$131
Cap Rate
7.29%
NOI
$582,565
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
7.87 AC
Zoning
C-2, County
Parking
231 Spaces (3.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,254,123 | |
| Land Assessment | $1,170,681 | Total Assessment | $3,424,804 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,170,681
Improvements Assessment
$2,254,123
Total Assessment
$3,424,804
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Silver Star Shopping Center | 425 W Silver Star Rd
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