7720 Turkey Lake Rd Orlando, FL 32819
- Retail space
- 20,137 SF
- 1.81 lot acres
Current Use by Public Records
- Dr phillip / Medical Laboratory
- Rokka's Sushi / Japanese Restaurant
- Rokka's Market - Dr. Phillips / Bakery / Cold Cut Store
- Club Champion / Sporting Goods Store / Golf Shop
- AYR Cannabis Dispensary Orlando Turkey Lake / Cannabis Store
Property Details for 7720 Turkey Lake Rd
- Year built
- 2014
- Lot size
- 1.81 lot acres
- Property size
- 20,137 SF
- Zone code
- P-D
- Property type
- Retail space
- APN
- 26-23-28-5411-00-020
- APU
- 262328541100020
Description
This exceptional investment opportunity presents the Shoppes of Turkey Lake, a 19,162-square-foot retail center located at 7720 Turkey Lake Road in Orlando, Florida's Dr. Phillips suburb (zip code 32819). The property, situated on a 1.81-acre lot, features a single, one-story building constructed in 2014 and extensively renovated in 2024. Currently boasting 100% occupancy with three tenants—Rokka's Market, AYR Wellness, and Club Champion—the center offers a compelling net lease investment opportunity. The property benefits from a weighted average lease term (WALT) exceeding seven years, with annual rent bumps of up to 3%. Leases are structured as triple-net (NNN), with tenants responsible for all expenses except roof and structure maintenance. The asking price is $11,635,776, representing a cap rate of 6.25% and a price per square foot of $607.23. The property includes 106 parking spaces and is zoned P-D Planned Development. The strong tenant mix, long-term leases, and significant recent tenant investment (Rokka's Market invested $2.5 million) contribute to a stable and attractive investment profile. The property's location within a densely populated and affluent area, coupled with its proximity to major traffic arteries, ensures high visibility and strong consumer traffic. The Net Operating Income (NOI) is $727,236.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,835,000
- 6.5%
- $5,390,000
- 7%
- $5,835,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,190,000
- Geo Method
- $5,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,945,000
- Retail
- $5,755,000
- Mixed-Use
- $6,280,000
- Hospitality
- $5,120,000
- Educational
- $6,250,000
- Residential Income
- $6,355,000
- Energy
- $5,735,000
- Income-Based Land
- $6,520,000
- Food Service
- $6,240,000
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4781
- Latitude
- 28.4528
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
