Signalized Corner Retail
For Sale
Contact for pricing
10 N Summerlin Ave, Orlando, FL 32801
About 19,991 SF of 100% NNN-leased retail on a prominent, signalized corner in central Thornton Park.
Property Size19,991 SF
Price / SF$460.21
Days on Market141
Property Features for 10 N Summerlin Ave
General Information
Standard status
Active
Size
19,991 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Corner Location
Yes
Listing Agency:
Lee & Associates | Orlando
(904) 505-5282
Listed By:
Samuel Gaslin · License ##SL3266563
(904) 505-5282
Source:
Moodyscre
Added: Mar 13
Changed: Jul 30
Last Checked: Jul 31 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Orlando
Investment Insights
Based on property information with market context.
Thornton Park Central is a retail property that is described as 100% NNN-leased high-street retail. The asset occupies a prominent, signalized corner at the intersection of N. Summerlin Avenue and E. Central Boulevard and is offered as a for-sale transaction. The property size is approximately 19,991 SF.
The location is in the heart of Thornton Park, a walkable neighborhood in Downtown Orlando. The site is described as being just steps from Lake Eola and Downtown Orlando’s core.
This is a single-property retail offering positioned for tenants seeking high-street visibility on a signalized corner and the operational simplicity associated with a NNN structure as presented in the property remarks.
The location is in the heart of Thornton Park, a walkable neighborhood in Downtown Orlando. The site is described as being just steps from Lake Eola and Downtown Orlando’s core.
This is a single-property retail offering positioned for tenants seeking high-street visibility on a signalized corner and the operational simplicity associated with a NNN structure as presented in the property remarks.
Key Highlights
- 100% NNN‑leased retail property
- Prominent, signalized corner retail site
- Approximately 19,991 SF
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $580.5k | $29.04 |
| − Vacancy | −$19.7k | −$0.99 |
| EGI | $560.8k | $28.05 |
| − OpEx | −$168.2k | −$8.42 |
| NOI | $392.6k | $19.64 |
19,991 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.61M
$4.91M – $6.54M
NOI $392,560 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,786 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,272
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 24%
IHOP
Dining
12,764 visits/mo
0.5 miles
7-Eleven
Shops & Services
11,879 visits/mo
0.2 miles
Jinya Ramen Bar
Dining
9,749 visits/mo
0.3 miles
Foxtail Coffee
Dining
7,039 visits/mo
0.4 miles
Starbucks
Dining
5,513 visits/mo
0.3 miles
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - About 19,991 SF of 100% NNN-leased retail on a prominent, signalized corner in central Thornton Park.
Where is this retail space located?
The property is located at 10 N Summerlin Ave Orlando, FL.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: 100% NNN‑leased retail property; Prominent, signalized corner retail site; Approximately 19,991 SF
