NNN Shopping
1185 SPRING CENTRE SOUTH BLVD, Altamonte Springs, FL 32714
For Sale
Contact for pricing
Service-oriented retailers occupy a signalized corner near I-4 and a Starbucks.
Property Size13,129 SF
Price / SF$349.35
Days on Market8
Property Features for 1185 SPRING CENTRE SOUTH BLVD
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Corner Location
Tenant in Place
Building Details
Tenancy
Listing Agency:
RESMA LLC
Listed By:
Natalia Celis · License #FL
(305) 741-9897
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 4:25PM
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 RESMA LLC
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Investment Insights
Based on property information with market context.
Spring Centre is a 13,129-square-foot shopping center with NNN leases and a service-focused tenant mix. Specialty Pizza Express has occupied the property since 2006, with its lease extending through 2033; Bougies has been a tenant since 2015. Contractual rent increases apply to every lease. The roof was replaced in 2016 and carries a warranty through 2036.
The center sits at a signalized intersection along SR 434, which records more than 63,000 vehicles per day. I-4 is less than a quarter mile away, and a Starbucks is next door. Average household income within five miles exceeds $104,000.
The center sits at a signalized intersection along SR 434, which records more than 63,000 vehicles per day. I-4 is less than a quarter mile away, and a Starbucks is next door. Average household income within five miles exceeds $104,000.
Key Highlights
- 13,129 SF retail center with NNN leases
- Signalized SR 434 corner with 63,000+ VPD
- Less than a quarter mile from I‑4; next to a Starbucks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,812
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,156,240
$5.2M
Cap Rate 7%
$3,683,029
$3.7M
Cap Rate 9%
$2,864,578
$2.9M
Market Conditions
NOI Build-Up for 13,129 SF
Gross rent
$381.3K $29.04/SF
− Vacancy
−$13.0K −$0.99/SF
EGI
$368.3K $28.05/SF
− OpEx
−$110.5K −$8.42/SF
NOI
$257.8K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,156,240
Cap Rate 7%
$3,683,029
Cap Rate 9%
$2,864,578
Alternative Uses
Best Use
Retail
$3.68M
$3.22M – $4.30M
NOI $257,812 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.94M
$3.45M – $4.59M
NOI $275,657 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
106k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
7-Eleven
Shops & Services
29,940 visits/mo
0.2 miles
Starbucks
Dining
21,670 visits/mo
0.1 miles
Starbucks
Dining
18,023 visits/mo
0.4 miles
Burger King
Dining
9,467 visits/mo
0.1 miles
4 Rivers Smokehouse
Dining
9,181 visits/mo
0.5 miles
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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- Coin Cloud Bitcoin ATM — 2550 W State Rd 434, Longwood, FL 32779, United States
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Frequently Asked Questions
What type of property is this?
Shopping center - Service-oriented retailers occupy a signalized corner near I-4 and a Starbucks.
Where is this shopping center located?
The property is located at 1185 SPRING CENTRE SOUTH BLVD Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $4,586,656.
What are key features of this property?
This property features: 13,129 SF retail center with NNN leases; Signalized SR 434 corner with 63,000+ VPD; Less than a quarter mile from I‑4; next to a Starbucks
