49591 Highway 27, Davenport, FL 33897
11,305 SF | 100% Leased | Retail Building | Davenport, FL 33897 | $8,051,000 ($712/SF) | 5.75% Cap Rate
For Sale
Active
Asking Price $8,051,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 11,305 SF
- Price / Square Foot
- $712
Listing Contacts
Toufic Simaan
Danny Semaan
Property Overview
Simaan Real Estate is pleased to exclusively offer for sale a 100% fee simple interest in Sand Mine Plaza, a four-tenant retail strip center anchored by a Starbucks endcap drive-thru. The shopping center is strategically located on US-27, the primary retail thoroughfare serving the area with high traffic counts of 57,000 vehicles per day. Sand Mine Plaza is in close proximity to thousands of vacation homes, short-term rental communities, Orlando’s world class theme parks, and I-4. The subject property has excellent exposure, convenient ingress/egress through a full-access traffic signal and right-in/right-out curb cut, and beneficial cross access to the adjacent lots.
Sand Mine Plaza represents a unique opportunity to acquire a 100% occupied Class A retail asset with NNN leases and minimal landlord obligations in one of the strongest performing retail submarkets in Central Florida. All leases have favorable scheduled rent increases providing an inflation hedge.
** Please contact listing broker for offering memorandum and to schedule property visits. **
Sand Mine Plaza represents a unique opportunity to acquire a 100% occupied Class A retail asset with NNN leases and minimal landlord obligations in one of the strongest performing retail submarkets in Central Florida. All leases have favorable scheduled rent increases providing an inflation hedge.
** Please contact listing broker for offering memorandum and to schedule property visits. **
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 84,071 SF
Highlights
- Newly Constructed & Stable Income Stream: Built in 2023 with long-term NNN leases and minimal landlord responsibilities.
- Starbucks Endcap with Drive-thru: Investment grade tenant—S&P Credit Rating: BBB+ with a Stable outlook.
- Scheduled Rent Increases: Throughout primary terms and option periods.
- Exponential Growth: 3-Mile Population Growth: 133%; 5-mile Population Growth: 169% (2010-2023); Over 5,000 homes under development in the area.
- High-Traffic Location in Dynamic Retail Corridor: 57,000 vehicles per day with convenient ingress/egress to US-27 on a signalized hard corner.
- Nearby Retailers: Publix, McDonalds, CVS, Chipotle, Twistee Treat, Truist, Wendy’s, Circle K, McDonalds, IHOP, and more.
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