Saturday, February 1, 2014

Publix-Anchored Center | 77,260 SF | Orlando, FL

 Listing Publix-Anchored Center | 77,260 SF | Orlando, FL

SRS Real Estate Partners, as exclusive broker, is pleased to offer Corner Lakes Plaza a 77,260+/ square foot neighborhood center, anchored by Publix and Tractor Supply, and located in the Orlando-Kissimmee-Sanford, FL metropolitan statistical area.

* Total GLA: 77,260 +/ SF

* Year Built: 2002

* Occupancy: 100%

* Anchor Tenants: Public and Tractor Supply Co

* Price: $15,410,000.00 (6.35% Cap Rate)

* March 2014 Net Operating Income: $978,504.00

*Strong National Anchor Base: Publix and Tractor Supply comprise 83% of the total GLA for the Shopping Center, which provides an ideal ratio of anchor to shop space tenants.

*High Barriers to Entry: The East Colonial submarket has significant barriers to entry for new retail developments. Large land tracts in the area are difficult to assemble, zone and permit, and Corner Lakes Plaza serves as the only grocery-anchored center in a 3.5 mile radius, giving it a significant advantage.

*Excellent Access & Positioning: The Property has five (5) total points of direct access two (2) from Chuluota Rd, two (2) from E Colonial Dr (FL-50), and one (1) from Corner School Dr. There are dedicated turn lanes into and out of the Center.

Publix-Anchored Center | 77,260 SF | Orlando, FL

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