New Off Market Deltona Plaza – Deltona, FLšŸ¬

Description

Property Address
1200 Deltona Blvd, Deltona, FL 32725

Property Overview
Deltona Plaza is an internet-resistant retail plaza neighboring Orlando FL.
Deltona Plaza offers the rare combination of stability and upside.
It offers strong and immediate cash flow with over 95% occupancy, by a mix of long-term, large, national-chain tenants, and smaller, neighborhood (local/essential type) tenants.
In total, Deltona Plaza comprises 129,637-square-feet on 15.85 acres of prime property.
The Plaza is anchored by several large credit tenants, including Family Dollar, Crunch Fitness, DaVita Dialysis, Newman Veterinary (subsidiary of Mars Inc), Veterans Administration, Milburn Academy, N.E. Florida Health, and the Dept. of Motor Vehicles (brand new 10-year lease, which will bring a ton of traffic to the center).

HIGHLIGHTS:
► STRONG PROPERTY: Deltona Plaza consists of 129,637 rentable square feet and 572 parking spaces located on 15.85 acres.
► EXCELLENT LOCATION: Deltona Plaza is easily visible and accessible from Deltona Boulevard and is just 14 miles from Orlando Sanford International Airport. It is in a densely populated area with 104,000 people within a five-mile radius. Established customer base in a neighborhood market.
► SECURE CASH FLOW: Deltona Plaza’s diverse mix of tenants, including national-chain anchors and mom-and-pop shops, creates a steady, internet-resistant income.
► CITY OF DELTONA: Deltona is expanding! The Deltona Zoning Board recently approved, and Amazon already built, a 1 million-square-foot, 24- hour Amazon warehouse & distribution facility just minutes from Deltona Plaza.
► BRIGHT FUTURE: Deltona Plaza’s strong anchors provide long-term cash flow security, and the extremely below market rents from many smaller tenants offer immediate opportunity to boost income.
► TREMENDOUS UPSIDE:
-Anticipated additional income from rent increases
-Development of two outparcels (1-2 acres).

Asking Price – $19,000,000

NOI (in place): $1,522,421
Cap Rate: 8%