Retail Space on Highway
For Sale
Contact for pricing
Pending
2050 E Hwy 50, Clermont, FL 34711
Retail space for sale on Clermont's main retail corridor.
Property Size5,392 SF
Days on Market173
Property Features for 2050 E Hwy 50
General Information
Standard status
Pending
Size
5,392 SF
Property subtype
Retail
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$144,366
Building Details
Year Built
2016
Listing Agency:
Marcus & Millichap
(813) 387-4700
Listed By:
Reid Thedford · License #FL SL3442474
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 2:00PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This retail space is located on Highway 50, the main retail corridor of Clermont, Florida, with a traffic count of 51,500 vehicles per day. The property is surrounded by national tenants, including Chick-Fil-A, Home Depot, Starbucks, Carrabba’s, Lowe’s and Portillo’s. Situated in Clermont, one of the fastest-growing cities in Central Florida with a current annual growth rate of 3.56%, the property benefits from new development in the immediate surrounding area. It is a direct outparcel to Home2 Suites by Hilton. The tenant is currently paying $144,366 annually, which equates to $26.77 per square foot, significantly below average rental rates for comparable casual dining properties in Clermont. The property has 6 years remaining on the base term with NNN lease terms, meaning no landlord responsibilities.
Key Highlights
- Significantly below market rent at $26.77 PSF compared to other casual dining spots in Clermont.
- Located on Hwy 50, Clermont's main retail hub, boasting 51,500 vehicles per day.
- NNN Lease: Enjoy hassle‑free ownership with no landlord responsibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,031
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,680,620
$1.7M
Cap Rate 7%
$1,200,443
$1.2M
Cap Rate 9%
$933,678
$933.7K
Market Conditions
NOI Build-Up for 5,392 SF
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.
Gross rent
$116.5K $21.60/SF
− Vacancy
−$4.4K −$0.82/SF
EGI
$112.0K $20.78/SF
− OpEx
−$28.0K −$5.19/SF
NOI
$84.0K $15.58/SF
Area
Lake County, FL
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,680,620
Cap Rate 7%
$1,200,443
Cap Rate 9%
$933,678
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,031 @ 7.0% cap · market cap 3.50%
Second Best
Retail
$911.4K
$797.4K – $1.06M
NOI $63,795 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,409 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 34711, FL
67,980
Population
28,127
Households
2.4
Avg Household Size
45
Median Age
36%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,734
Density / Sq Mi
$88,474
Median Household Income
$46,456
Median Earnings
$1,817
Median Rent
$369,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale on Clermont's main retail corridor.
Where is this retail space located?
The property is located at 2050 E Hwy 50 Clermont, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Significantly below market rent at $26.77 PSF compared to other casual dining spots in Clermont.; Located on Hwy 50, Clermont's main retail hub, boasting 51,500 vehicles per day.; NNN Lease: Enjoy hassle‑free ownership with no landlord responsibilities.
