8590 The Vlg Lady Lake, FL 32159
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100% Occupied, High-Growth Area
Property size:
13,272 SFProperty 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
Listing Agent: Judd Dickerson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 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.
