The Villages Plaza Lady Lake,Florida

$6,250,000
Under Contract
Property type:Multi-Tenant / Shopping Center

The space

  • Listing Price: $6,250,000
  • NOI: $337,305
  • Cap Rate: 5.40%
  • Gross Square Feet: 8,500
  • # of Suites: 3
  • Lot Size: 1.26 Acres

Description

915 US-441
Lady Lake, Florida 32159

Investment Highlights

  • Directly Across the Street From The Villages, the Largest Retirement Community in the United States Spanning over 33,000 Acres
  • ​Multi-Tenant Retail, 100% Occupied by National Brand Tenants Including Sleep Number, Curaleaf Cannabis Dispensary and Kay Jewelers
  • ​8,500 Square Feet of Multi-Tenant Retail Space, on a 1.26-Acre Lot
  • ​All Tenants Have Long-Term Lease With Rent Increases
  • ​Average Household Income is Almost Double the National Average
  • ​U.S. Census Bureau Named The Villages the Fastest Growing Metro Statistical Area for the Decade 2010-2019
  • ​Located off US Highway 441 With a Daily Traffic Count of Approx. 37,500 Vehicles
  • ​Surrounding National Retailers Include Walmart Supercenter, The Home Depot, Lowe’s, Sam’s Club, Publix, Aldi, Kohl’s, Michael’s, Bed Bath & Beyond, Ulta Beauty, Bealls, Pet Smart, Ross, TJ Maxx, Best Buy, Office Depot, Bank of America, Wells Fargo, Staples, Outback Steakhouse, Chili’s, Panera Bread, Chick-fil-A, McDonald’s, Chipotle, KFC, Starbucks, Dunkin’ Donuts, Wawa, Walgreens, CVS and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire The Villages Plaza, a multi-tenant retail center located in Lady Lake, FL. The subject property includes approximately 8,500 square feet of space on a 1.26-acre lot and is 100% occupied by national brand tenants including Sleep Number, Curaleaf Cannabis Dispensary and Kay Jewelers. All tenants have long-term lease with rent increases.

The subject property is located directly across the street from The Villages, the largest retirement community in the United States spanning over 33,000 acres, with approximately 90,450 residents in five miles with an average household income is almost double the national average.

The Villages Plaza is located off US Highway 441 with a daily traffic count of approx. 37,500 vehicles and within close proximity to the Florida Turnpike and Interstate 75 for direct access to Orlando and Tampa. Surrounding national retailers include Walmart Supercenter, The Home Depot, Lowe’s, Sam’s Club, Publix, Aldi, Kohl’s, Michael’s, Bed Bath & Beyond, Ulta Beauty, Bealls, Pet Smart, Ross, TJ Maxx, Best Buy, Office Depot, Bank of America, Wells Fargo, Staples, Outback Steakhouse, Chili’s, Panera Bread, Chick-fil-A, McDonald’s, Chipotle, KFC, Starbucks, Dunkin’ Donuts, Wawa, Walgreens, CVS and many more.

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