446 Rinehart Rd, Lake Mary, FL 32746
7,224 SF | 100% Leased | Retail Building | Lake Mary, FL 32746 | $4,914,000 ($680/SF) | 5.90% Cap Rate
For Sale
Active
Asking Price $4,914,000
- Property Type
-
Retail
- Square Feet
- 7,224 SF
- Price / Square Foot
- $680
Listing Contacts
- Property Info
Property Overview
Lee & Associates is pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Bent's Landing Retail Center Building 1 “Subject Property”, located at 446 Rinehart Rd, in Lake Mary, FL (Orlando MSA). The Property features brand new 2023 construction of a 7,224 SF retail building that resides on a 1.68-acre parcel. Part of a new development that consists of two Class “A” Medical Office Buildings totaling 56,000 SF, being delivered in 2024. The Subject property is 100% leased to National tenants Urgent Vet, 100% Chiropractic, Rumble Boxing. All tenants are on new 10-year leases with a mix of 3% annual and 10% every 5-year rent increases. Bent's Landing Retail Center is located immediately adjacent to Orlando Health's new Lake Mary Campus (250+ Beds).
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront, Freestanding
- Lot Size (sq. ft)
- 36,590 SF
Highlights
- New Construction Storefront Retail Buildings | Properties Can be Purchased Together or Separately
- 10 Year NNN Leases with Annual Rent Growth | Synergistic Medical/Retail Tenant Mix
- Consisting of Tenants such as Jimmy John’s, Urgent Vet, Rumble Boxing, Clean Eatz, Heartland Dental, & 100% Chiropractic
- Immediately Adjacent to Orlando Health’s New Lake Mary Campus (250+ Beds)
- Located Directly in Front of the New Orlando Health Multi-Specialty Medical Office Facility & Future Planned 28,000 SF Medical Office Facility
- The Subject Properties are Located within the New $800MM, 150 Acre, Lake Mary Wellness and Technology Park
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