2612 Enterprise Rd Orange City, FL 32763
- Lifestyle centers
- 103,999 SF
- 14.33 lot acres
Current Use by Public Records
- Bealls Outlet / Shoe Store / Clothing Store
- Home Centric / Home Goods Store
- Bealls Florida / Clothing Store / Home Goods Store
Property Details for 2612 Enterprise Rd
- Year built
- 1990
- Lot size
- 14.33 lot acres
- Property size
- 103,999 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Exceptional opportunity to acquire Crown Centre II, a 103,999 square foot, single-story shopping center in Orange City, Florida. This stabilized investment property boasts a 7.28% cap rate and a strong NOI of $1,128,726. Currently 100% occupied by six credit-rated tenants, including AT&T, Bealls, Bealls Outlet | HomeCentric, Babcock Home Furniture, Trulieve, and Amscot Financial, under NNN leases with rent bumps. The property underwent over $2.2 million in renovations in 2023, enhancing its appeal and value. Built in 1990 with additions in 2013, this fee-simple ownership sits on a 14.33-acre lot at 2612 Enterprise Rd, 32763, benefiting from high traffic counts exceeding 55,000 vehicles daily. Its prime location within the area's main retail corridor, shadow-anchored by a Publix Supermarket (which invested over $20 million in a nearby location in 2014), and proximity to major retailers like Target, Lowe's, and Hobby Lobby, ensures consistent demand. Furthermore, its close proximity to AdventHealth Fish Memorial Hospital, a 257-bed acute care facility with a recent $100 million expansion, adds to its strategic value. The property's desirable weighted average lease term and strong tenant mix make it an attractive investment opportunity. Asking price: $15,500,000 ($149.04/sq ft).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange City
- County
- Volusia
- State
- Florida
- Longitude
- -81.2956
- Latitude
- 28.9137
