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    OFF-MARKET
    Lifestyle centers

    446 Rinehart Rd, Lake Mary, FL 32746

    7,224 SF 1.6 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 2023
    Total area 7,224 SF
    Lot 1.6 ac (69,696 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • UrgentVet Veterinary Clinic
    • 100% Chiropractic - Lake Mary, FL. Alternative Medicine Practice
    • Rumble Boxing Gym & Fitness Center Sports School
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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