446 Rinehart Rd Lake Mary, FL 32746
Property profile & analytics
Location Intelligence
Current Use by Public Records
- UrgentVet / Veterinary Clinic
- 100% Chiropractic - Lake Mary, FL. / Alternative Medicine Practice
- Rumble Boxing / Gym & Fitness Center / Sports School
Property Details for 446 Rinehart Rd
- Year built
- 2023
- Lot size
- 1.60 lot acres
- Property size
- 7,224 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 7,224 square foot Class A retail building situated on a 1.6-acre lot in Lake Mary, Florida (Orlando MSA). Completed in 2023, the property boasts 100% occupancy with three national tenants: Urgent Vet, 100% Chiropractic, and Rumble Boxing, all under 10-year NNN leases featuring annual rent bumps. The property offers a compelling 5.90% cap rate and a strong NOI of $289,976. The strategic location is adjacent to Orlando Health's new Lake Mary Campus (250+ beds), ensuring high visibility and foot traffic. The building provides ample parking (5 spaces per 1,000 sq ft). This multi-tenant retail center presents a secure, high-return investment with significant long-term growth potential. The asking price is $4,914,000, translating to $680.23 per square foot. This is a 1031 exchange-eligible property. The property is part of a larger development including medical office buildings, further enhancing its value and appeal. The tenant mix is synergistic, creating a strong and stable revenue stream.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Mary
- County
- Seminole
- State
- Florida
- Longitude
- -81.3478
- Latitude
- 28.7713
