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16775 State Rte Clermont, FL 34711

OFF-MARKET Retail properties & Spaces Google Maps
61,000 SF 9.81 ac lot Built 2023
Estimated value
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Property ID

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 61,000 SF
Lot 9.81 ac (427,454 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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