Fully Leased NNN Retail
For Sale
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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 Market139
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) 434-8278
Source:
Crexi
Added: Jun 17
Changed: Oct 26
Last Checked: Nov 1 at 3:19AM
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
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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 / Yr
$202,534
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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)
