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 Market191
Property Features for 2050 E Hwy 50
General Information
Standard status
Pending
Size
5,392 SF
Property subtype
Retail
Lease Type
Absolute Net
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 26
Last Checked: Aug 26 at 2:28AM
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,180
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.
