Fully Leased NNN Retail
For Sale
Contact for pricing
4700 International Pkwy, Sanford, FL 32771
2017-built, fully occupied strip center anchored by four NNN tenants with remaining terms through 2035.
Property Size10,314 SF
Price / SF$579.50
Days on Market94
Property Features for 4700 International Pkwy
General Information
Standard status
Active
Size
10,314 SF
Total Parking Spaces
103
Property subtype
Retail
Zoning
PD - Planned Development
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$364,643
Site & Location
Traffic Count
16,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2017
Buildings
1
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
William Wamble · License #SL3257920
(813) 371-1079
Source:
Crexi
Added: Jun 17
Changed: Sep 12
Last Checked: Sep 18 at 8:11AM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This 2017-built, fully occupied multi-tenant retail strip center contains four established tenants operating under NNN leases. Tenant lease terms extend for multiple years, including CycleBar through August 2033, Urban OM Yoga through March 2027, Foxtail Coffee through October 2035, and Salon Lofts through July 2031. The leases also include remaining option periods, which supports long-term occupancy stability.
The property benefits from highly visible frontage along International Parkway with reported average daily traffic of 16,400 vehicles per day. It connects directly to State Highway 429 (18,400 VPD) and State Highway 46 (41,000 VPD), and is flanked by Interstate 4 (151,900 VPD), providing strong regional access to the Orlando and Sanford markets. It is immediately adjacent to Lofts at Savannah Park Luxury Apartments (151 units).
For investors, the NNN structure shifts operating expenses to the tenants, with tenants reimbursing their share of CAM, real estate taxes, insurance, and administrative fees. Landlord responsibilities are described as limited to roof, structure, and foundation, and the current property management can remain in place after sale for continuity. The tenant mix includes fitness and yoga, coffee, and salon uses, all in a dedicated retail strip configuration.
The property benefits from highly visible frontage along International Parkway with reported average daily traffic of 16,400 vehicles per day. It connects directly to State Highway 429 (18,400 VPD) and State Highway 46 (41,000 VPD), and is flanked by Interstate 4 (151,900 VPD), providing strong regional access to the Orlando and Sanford markets. It is immediately adjacent to Lofts at Savannah Park Luxury Apartments (151 units).
For investors, the NNN structure shifts operating expenses to the tenants, with tenants reimbursing their share of CAM, real estate taxes, insurance, and administrative fees. Landlord responsibilities are described as limited to roof, structure, and foundation, and the current property management can remain in place after sale for continuity. The tenant mix includes fitness and yoga, coffee, and salon uses, all in a dedicated retail strip configuration.
Key Highlights
- 2017‑built, fully occupied multi‑tenant retail strip center in Sanford with four tenants on NNN leases
- Over 5 years average lease term remaining; tenant lease expirations include March 2027, July 2031, August 2033, and October 2035
- Built‑in customer base from adjacency to Lofts at Savannah Park Luxury Apartments (151 units)
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
$202,534
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
3.39%
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%
$4,050,680
$4.1M
Cap Rate 7%
$2,893,343
$2.9M
Cap Rate 9%
$2,250,378
$2.3M
Market Conditions
NOI Build-Up for 10,314 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
$299.5K $29.04/SF
− Vacancy
−$10.2K −$0.99/SF
EGI
$289.3K $28.05/SF
− OpEx
−$86.8K −$8.42/SF
NOI
$202.5K $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 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%
$4,050,680
Cap Rate 7%
$2,893,343
Cap Rate 9%
$2,250,378
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.38M
NOI $202,534 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.42M
NOI $205,455 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 2017-built, fully occupied strip center anchored by four NNN tenants with remaining terms through 2035.
Where is this strip mall located?
The property is located at 4700 International Pkwy Sanford, FL.
What is the asking price?
The asking price for this property is $5,977,000.
What are key features of this property?
This property features: 2017‑built, fully occupied multi‑tenant retail strip center in Sanford with four tenants on NNN leases; Over 5 years average lease term remaining; tenant lease expirations include March 2027, July 2031, August 2033, and October 2035; Built‑in customer base from adjacency to Lofts at Savannah Park Luxury Apartments (151 units)
