Sanford, FL - Savannah Park Retail

Description:

• 2017 construction requiring minimal capital expenditures
• Fully leased to four established tenants with over 5 years of average lease term remaining. Cycle Bar (Aug 2033), Urban OM Yoga (Mar 2027), Foxtail Coffee (Oct 2028), and Salon Lofts (Jul 2031)
• All tenants feature remaining option periods – three at fixed rents and one at fair market rent ensuring stability and potential upside through rent escalation
• Strong tenant synergy across fitness, wellness, food & beverage, and personal services
• New construction retail strips are routinely getting $45-$50/SF+ in surrounding Orlando submarkets leaving additional future upside

• Highly visible frontage along International Parkway (16,400 VPD), directly connecting to State Hwy 429 (18,400 VPD) and State Hwy 46 (41,000 VPD)
• Flanked by Interstate 4 (151,900 VPD), offering regional access to Orlando and Sanford markets
• Less than one mile from Seminole Town Center Mall and Marketplace at Seminole Centre, which announced redevelopment of a new Costco and Trader Joes in addition to other national retailers like Dick’s and Target in place.
• Immediately adjacent to Lofts at Savannah Park Luxury Apartments (151 units), providing direct built-in customer base
• Tenant mix aligns with neighborhood needs: boutique fitness, wellness services, specialty coffee, and flexible salon space
• Strong daily-needs retail positioning, less vulnerable to e-commerce displacement
• Proximity to multiple residential developments (1,000+) units supporting sustained demand

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Listing ID: a28TP000001g8OnYAI