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Davenport, FL - Legacy Shoppes

$8,527,000

Corner of Osceola Polk Line Rd & Heritage Pass, Davenport, FL 34747

Active
Last Updated: 04/20/2024

5.5

Cap Rate

468,980

NOI

Details:
Cap Rate:    5.5%
NOI:    $468,980
Building Size:    10,744 sqft
Description:

• Opportunity to acquire Legacy Shoppes, a brand new construction three-tenant strip in Davenport, FL
• All three tenants recently signed brand new lease terms and have 2 (5-year) options to extend, demonstrating their long term commitments to the site

• Legacy Shoppes is part of a larger development that will feature a Carrabba’s,
an Outback, and more, allowing for strong tenant synergy and the promotion of crossover store exposure
• Ideally located directly off I-4 (138,500), allowing for direct on/off ramp access to the site and surrounding trade areas
• This Interstate-4 exit features unique diamond intersections designed to help the flow of traffic in all directions
• Outparcel to the newly constructed Legacy Union Square Apartments, which will provide a direct consumer base from which to draw
• 2024 construction which features high quality materials, distinct design elements, and high-level finishes
• There are two high performing Publix shopping centers within 1.5 miles of the subject property

Map:
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