Property Highlights
Prime retail: The Property is a highly visible site within County Crossings Shopping Center along busy U.S. Highway 441 (28,000 ADT) and is located within Lady Lake’s fast-growing economic business area. The Property is adjacent to Lowe’s (with cross-easement), and is across from Publix. County Crossings Local Shops is near other major national retailers including ALDI, Walmart and Home Depot.
Excellent market location: Located five miles from the Villages—a master-planned, age-restricted community ranked by the U.S. Census as the fastest-growing U.S. City (2013 and 2014)—the Property’s convenient Central Florida location provides easy access and close proximity to Interstate 75, the Florida Turnpike and tourist attractions. Over 84,000 people with an average household income in excess of $63,000 live within five miles of the Property. Lady Lake is part of the Orlando-Kissimmee-Sanford MSA, which is the 26th largest MSA in the U.S., the sixth largest in the Southern U.S. and the third largest in Florida.
Varied tenants with upside potential: The Property is occupied by national and local tenants including Firehouse Subs and AT&T. There is 1,200 square feet available in Retail Building No. 1, which adds upside potential to the deal at 100 percent occupancy.
Quality investment: This NN lease features minimal landlord responsibilities and varying rent increases and options to renew. There is no state income tax in Florida, which provides a low tax burden for the investor.