Bent's Landing Retail Center- Building 1 446 Rinehart Rd

7,224 SF 100% Leased Retail Building Lake Mary, FL 32746 $4,914,000 ($680.23/SF) 5.90% Cap Rate

INVESTMENT HIGHLIGHTS

  • New Construction Storefront Retail Buildings | Properties Can be Purchased Together or Separately 
  • Consisting of Tenants such as Jimmy John’s, Urgent Vet, Rumble Boxing, Clean Eatz, Heartland Dental, & 100% Chiropractic
  • 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 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).

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
7,224 SF
Building Class
B
Year Built
2023
Price
$4,914,000
Price Per SF
$680.23
Cap Rate
5.90%
NOI
$289,976
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.84 AC
Zoning
M1A
Frontage
280’ on Rinehart Rd

AMENITIES

  • Signage
  • Monument Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

100% Chiropractic is a family of full service wellness clinics that offer cutting edge chiropractic care, massage therapy, and a full line of supreme quality nutritional supplements. Their incredible doctors, assistants, and therapists care about patients and their individual health goals, and will work with them to make sure they turn those goals into a reality. At 100% Chiropractic they won’t just treat one's pain, they will work to educate, inspire, empower & provide lasting care for patients to live their life to its fullest potential.

  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • -
  • Jan 0000

At its epicenter, Rumble is a collection of the most inspired and inspiring fitness instructors on the planet. Impressive athletes in their own regard, they step onto the podium at Rumble as part DJ, part motivational speaker, and complete Master of Ceremony. The 45 minutes that follows is an awesome orchestration of a workout engineered to custom hip-hop and house mash-ups. The music, the lights, the program, and the collective heartbeat of the room all come together as if it was a collaboration from the beginning.

  • Services
  • -
  • $9.99
  • -
  • Jan 0000

Oak Hill’s philosophy of alignment of interests has been a guiding principle of the Firm’s success. The Firm seeks to partner with exceptional entrepreneurs, management teams, and corporations that share a common vision for maximizing value creation and structures each investment to align the economic interests of all constituencies. Oak Hill believes that creating transaction structures and incentive programs that reward management teams for value creation and that align management’s economic outcomes with those of the Oak Hill team and Limited Partners significantly enhance its investment returns. In addition, Oak Hill has offered significant co-investment opportunities to Limited Partners, which further aligns these constituencies.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation - $9.99 - Jan 0000
Services - $9.99 - Jan 0000

NEARBY MAJOR RETAILERS

Clean Eatz
Jazzercise
Cfe Federal Credit Union
Foxtail Coffee Co.
Publix
Centennial Bank
Chicken Salad Chick
Starbucks
Another Broken Egg Cafe
The Halal Guys

PROPERTY TAXES

  • Listing ID: 32705895

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 446 Rinehart Rd, Lake Mary, FL 32746