NNN Multi-Tenant Income
For Sale
Contact for pricing
6442 Land O Lakes Blvd, Land O Lakes, FL 34637
NNN-oriented multi-tenant property in Land O Lakes, Florida, with 100% occupancy across seven tenants.
Property Size13,823 SF
Price / SF$321.81
Days on Market97
Property Features for 6442 Land O Lakes Blvd
General Information
Standard status
Active
Size
13,823 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
(561) 512-1658
Listed By:
Jake Lurie · License #SL3510801(FL)
(561) 512-1658
Source:
Moodyscre
Added: Apr 28
Changed: Jul 31
Last Checked: Aug 2 at 11:50AM
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 Matthews Real Estate Investment Services | Fort Lauderdale
Investment Insights
Based on property information with market context.
NNN multi-tenant income property located at 6442 Land O Lakes Blvd in Land O Lakes, Florida. The asset totals 13,823 square feet and is currently 100% occupied by seven tenants. Operationally, the ownership structure is designed to keep day-to-day landlord exposure limited, with six of the seven tenants operating under NNN leases.
The property’s mix of tenant lease structures supports a relatively streamlined management and expense profile compared with arrangements where the landlord typically assumes a larger share of operating costs. This makes the building especially relevant for buyers seeking a stable, tenant-occupied retail asset with NNN characteristics.
With the current occupancy level and NNN leasing component already in place, the property provides a straightforward, income-focused platform for an investor or buyer looking for a multi-tenant setup within the NNN property category.
The property’s mix of tenant lease structures supports a relatively streamlined management and expense profile compared with arrangements where the landlord typically assumes a larger share of operating costs. This makes the building especially relevant for buyers seeking a stable, tenant-occupied retail asset with NNN characteristics.
With the current occupancy level and NNN leasing component already in place, the property provides a straightforward, income-focused platform for an investor or buyer looking for a multi-tenant setup within the NNN property category.
Key Highlights
- 13,823 SF NNN‑oriented multi‑tenant property
- 100% occupied by seven tenants
- Six of seven tenants operate under NNN leases
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.3k | $15.00 |
| − Vacancy | −$13.5k | −$0.98 |
| EGI | $193.9k | $14.03 |
| − OpEx | −$58.2k | −$4.21 |
| NOI | $135.7k | $9.82 |
13,823 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.26M
NOI $135,707 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.67M
NOI $220,416 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon
Shops & Services
5,709 visits/mo
0.3 miles
Demographics for 34637, FL
9,763
Population
3,875
Households
2.5
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
14.8 sq mi
ZIP Area
660
Density / Sq Mi
$114,328
Median Household Income
$54,540
Median Earnings
$1,747
Median Rent
$385,700
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?
NNN property - NNN-oriented multi-tenant property in Land O Lakes, Florida, with 100% occupancy across seven tenants.
Where is this nnn property located?
The property is located at 6442 Land O Lakes Blvd Land O Lakes, FL.
What is the asking price?
The asking price for this property is $4,448,439.
What are key features of this property?
This property features: 13,823 SF NNN‑oriented multi‑tenant property; 100% occupied by seven tenants; Six of seven tenants operate under NNN leases
