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    8590 The Vlg Lady Lake, FL 32159

    For Sale
    $6,600,000

    100% Occupied, High-Growth Area

    Property size:
    13,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional multi-tenant retail center, totaling 13,272 square feet on a 1.9-acre lot in The Villages, Florida, presents a compelling investment opportunity. The property boasts 12,050 square feet of net rentable space, currently 100% occupied by four tenants with long-term leases including rent bumps. Built in 2008, this single-story building is situated on a high-traffic corridor (C-466) experiencing over 23,000 vehicles daily. The property offers a strong 4.26% cap rate and a substantial net operating income (NOI) of $281,140, with an asking price of $6,600,000 ($497.29/sq ft). The location benefits from proximity to major national retailers, including Target, Walmart, Home Depot, and many others, ensuring high visibility and consistent foot traffic. The tenants include Best Flooring Center, Johnny's Birdie Golf, Kitchen & Bath Studio, and Village Discount Golf Car. Lease terms were extended on May 24, 2022. This is a rare opportunity to acquire a stable, high-performing retail asset in one of the nation's fastest-growing retirement communities. The property is a gross lease, and the building consists of one structure. This is a fee-simple ownership, not a ground lease.

    Property Features for 8590 The Vlg

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,272 SF
    Lot Size
    82,764 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • 13,272 SF multi‑tenant retail center, 100% occupied, on 1.9 acres in The Villages, FL.
    • 12,050 SF of net rentable space with four tenants under long‑term leases, including rent bumps.
    • High‑traffic location on C‑466, exceeding 23,000 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Lady Lake
    County
    Sumter
    State
    Florida
    Longitude
    -81.960811530082
    Latitude
    28.919392574784

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    FAQs

    What type of property is this?
    Lifestyle center - 100% Occupied, High-Growth Area
    Where is this lifestyle center located?
    The property is located at 8590 The Vlg Lady Lake, FL.
    What is the asking price?
    The asking price for this property is $6,600,000.
    What are key features of this property?
    This property features: 13,272 SF multi-tenant retail center, 100% occupied, on 1.9 acres in The Villages, FL.; 12,050 SF of net rentable space with four tenants under long-term leases, including rent bumps.; High-traffic location on C-466, exceeding 23,000 vehicles daily.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8590 The Vlg Lady Lake, FL 32159
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