Investment Offering

Leesburg, FL - Leesburg Marketplace

1101-1107 W North Blvd | Leesburg, FL 34748

$8,400,000

Price

7.75%

Cap Rate

$650,647

NOI

1987

Year Built

90.64%

Occupancy

81,071

± SF Offering GLA

9.35

± AC Land Area

Investment Highlights

SRS Investment Properties Group, as exclusive broker, is pleased to offer for sale, Leesburg Marketplace- an 81,071± SF neighborhood center, anchored by a Ollie’s Bargain Outlet and Dollar Tree - located in Leesburg, Florida within the Orlando MSA. In addition to synergistic anchors, Ollie’s Bargain Outlet and Dollar Tree, Leesburg Marketplace is occupied by an e-commerce resistant blend of predominantly national retail tenants, including Salon Centric, Armed Forces Career Center and Bonworth. Additionally, the Center provides a notable value-add component, via the lease-up of 7,591±- SF of available space, representing almost 9.5% of the Total GLA. In addition to Ollie’s, which has anchored the Property since 2016, Dollar Tree just signed a new lease for 13,000± SF, solidifying Leesburg Marketplace as a one-stop shopping destination for discount-minded consumers.

Anchored by growing, national credit tenant
Ollie’s Bargain Outlet, along with Dollar Tree, which just signed a brand new 13,000± SF lease
Located in rapidly-growing Leesburg, FL, within the Orlando MSA, one of the fastest growing cities in the Southeast and a top retail investment market
Opportunity to add value to the Property, via the lease-up of 7,569± SF of available space
Ideal demographics for Ollie’s and Dollar Tree, highlighted by a 5-mile population growing at over 2% annually with an Avg. HH Income of $65,544
Strong retail fundamentals, include excellent visibility, a robust combined traffic count of 36,000 VPD, a position at a signalized intersection, ease of access, and abundant parking
Advantageous mix of e-commerce resistant shop tenants, including fitness, military and beauty service providers and restaurants

Location

Leesburg is situated along the banks of Lake Griffin, Lake Harris and Lake Denham, just 40 miles from rapidly-expanding metropolitan Orlando and 12 miles south of The Villages – one of the fastest growing communities in the United States, which grew 39% from 2010 to 2020 (from 93,000 people to 130,000). With an Avg. HH Income just over $75,000 within 5 miles and a projected annual growth rate of 1% through 2027; the trade area demographics are a great match with a healthy outlook, for the tenants at Leesburg Marketplace. Leesburg is located roughly 40 miles northwest of Downtown Orlando, in Lake County, within the Orlando-Kissimmee-Sanford, FL MSA. A rapidly-growing community, Leesburg is situated 12 miles southeast of The Villages retirement community, amongst Lake Griffin, Lake Denham, Lake Harris and Lake Eustis – at the head of the Ocklawaha River System. Home to Lake-Sumter State College, Leesburg boasts a small town lifestyle and a wide array of outdoor recreation, with convenient proximity to the culture, attractions, professional sports and economic engine of nearby Orlando. Accolades #1 Vacation Destination in the World – WalletHub #1 City in the U.S. for Job Growth – U.S. Dept. of Labor American City of the Future – fDi Magazine #3 City for Future Job Growth – Forbes Best Performing Cities – Milken Institute

Documents & Links

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Executive Summary
Market Aerial
Property Aerial.pdf
Site Plan
View Offering Memorandum
Execute Confidentiality Agreement

Investment Offering

Leesburg, FL - Leesburg Marketplace

Investment Highlights

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