Bent's Landing Retail Center - Building 2 | 438 Rinehart Rd
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Bent's Landing Retail Center - Building 2 438 Rinehart Rd
9,809 SF 100% Leased Retail Building Lake Mary, FL 32746 $6,086,000 ($620/SF) 5.84% Cap Rate
Investment Highlights
- New Construction Storefront Retail Buildings | Properties Can be Purchased Together or Separately
- Consisting of Tenants such as Jimmy John’s, Clean Eatz, Heartland Dental, & Noire Nail Lounge
- Located Directly in Front of the New Orlando Health Multi-Specialty Medical Office Facility & Future Planned 28,000 SF Medical Office Facility
- 10 Year NNN Leases with Annual Rent Growth | Synergistic Medical/Retail Tenant Mix
- Immediately Adjacent to Orlando Health’s New Lake Mary Campus (250+ Beds)
- The Subject Properties are Located within the New $800MM, 150 Acre, Lake Mary Wellness and Technology Park
Executive Summary
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 “Subject Property”, located at 438 Rinehart Rd, in Lake Mary, FL (Orlando MSA). The Property features brand new 2023 construction with 9,809 square feet that resides on a 1.68-acre parcel (total shopping center). This building can be purchased together or separately with the neighboring building. 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 Heartland Dental, Jimmy Johns, and Clean Eatz and one regional tenant Noire Nail Lounge. 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).
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,809 SF
Building Class
B
Year Built
2023
Price
$6,086,000
Price Per SF
$620
Cap Rate
5.84%
NOI
$355,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.84 AC
Zoning
PUD - PUD - Medical/Office/Retail
Frontage
280 FT on Rinehart Rd
Amenities
- Signage
- Monument Signage
Nearby Major Retailers
1 of 7
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Bent's Landing Retail Center - Building 2 | 438 Rinehart Rd
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