Optum Health 809 Co 466 Rd 3,780 SF Retail Building Lady Lake, FL 32159 $1,167,000 ($308.73/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 2+ Years Remaining | Options to Extend | Annual Rental Increases | Established Brand
- The Villages | Local Demographics in 5-mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Along County Rd 466 | Dense Retail Corridor | Rolling Acres Plaza (346,000+ SF) | Nearby Apartments & Schools
EXECUTIVE SUMMARY
• The tenant currently has 2+ years remaining on their initial lease with
1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,780 SF
Year Built/Renovated
2014/2021
Price
$1,167,000
Price Per SF
$308.73
Cap Rate
6%
NOI
$70,019
Tenancy
Single
Building Height
1 Story
Building FAR
0.96
Lot Size
0.09 AC
Zoning
RP - Residential Professional
Parking
40 Spaces (10.58 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Signage
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-18-24-1000-00C-20100 | Improvements Assessment | $729,691 |
| Land Assessment | $462,220 | Total Assessment | $1,191,911 |
