13935 Landstar Blvd Orlando, FL 32824

Property Details for 13935 Landstar Blvd

Year built

2021

Lot size

3.29 lot acres

Property size

12,951 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fully leased, multi-tenant retail center in Orlando, Florida. The property boasts 12,951 square feet across two single-story buildings on a 3.29-acre lot, featuring 123 parking spaces. Six tenants currently occupy the space at 100% occupancy, including Starbucks, Chipotle, Heartland Dental, Tropical Smoothie Cafe, MD Now Urgent Care, and TN Nails & Spa. The property benefits from a strong mix of corporate and local tenants, with corporate leases accounting for 78% of the gross leasable area and 81% of the net operating income (NOI), which is currently $537,822, resulting in a 5.50% cap rate. Built in 2021, this NNN-leased property offers significant upside potential due to near-term rent increases for five of the six tenants. The property enjoys a prime location on Landstar Boulevard, at a signalized intersection off Highway 417, experiencing high traffic volume exceeding 70,000 vehicles per day. Its strategic position within the Landstar retail corridor, adjacent to a high-traffic Walmart Neighborhood Market and across from a Publix-anchored shopping center, ensures exceptional visibility and accessibility. The property is situated in a rapidly growing area of Orlando, benefiting from a large population base and strong household incomes within a three-mile radius. The asking price for this fee-simple ownership opportunity is $9,780,000. Specific lease terms and rent bump details are available in the marketing package.

Location Insight

City

Orlando

County

Orange

State

Florida

Longitude

-81.3661

Latitude

28.3643