Bent’s Landing Retail Center – Building 1 | Brand New Construction
Rinehart Rd. Lake Mary, FL 32746
Price: $4,914,000
Status: Available
Cap Rate: 5.9%
Year Built: 2023
NOI: $289,976
Lot Size: 1.68 acres
Price Per Foot: $680
Lease Type: Triple-Net (NNN)
Remaining Term: 9+ Years
GLA: 7,224 sqft
Property Intro
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 “Subject Property”, located at 438 & 446 Rinehart Rd, in Lake Mary, FL (Orlando MSA). The Property features brand new 2023 construction of two retail buildings totaling 17,033 square feet 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 Heartland Dental, Jimmy Johns, Urgent Vet, 100% Chiropractic, Rumble Boxing and Clean Eatz and one regional tenant Noire Nail Lounge. 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).