Property summary
This exceptional 61,000 square foot retail property, built in 2023, houses a Tesla Sales, Service, and Delivery Center. Situated on a 9.813-acre lot in Clermont, Florida, this single-tenant building boasts a prominent "auto row" location near other major dealerships, maximizing visibility and accessibility. The property features 589 parking spaces and benefits from a high-traffic location on State Route 50 (59,000+ vehicles per day) near the Florida Turnpike (102,500 AADT). The strong demographics of the area, with a population of 107,221 within a 5-mile radius and an average household income of $123,490 within 10 miles, contribute to its exceptional investment potential. The location is strategically positioned near major retailers such as Publix, Target, and Home Depot, as well as significant employers like Orlando Health South Lake Hospital and Lake-Sumter State College. This property offers a rare long-term lease structure with scheduled rent increases, providing a stable and secure investment opportunity. The 5.75% cap rate further enhances its attractiveness. Its proximity to the rapidly growing Orlando market, less than 20 miles from downtown, makes this a truly exceptional investment. The property benefits from excellent access to major arterials, including the Florida Turnpike and the 429 Expressway, ensuring convenient access for customers and employees.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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