Mount Dora Plaza

Highlights:

• Strong In-Place Cash Flow. The Property generates a stable income, fully leased by a diverse mix of national, regional, and local tenants.
• Value-Add Opportunity with Short-Term Lease Expirations. Despite healthy current income, The Asset features a rent-weighted average lease term (WALT) of 2.5 years, presenting a near-term opportunity to increase NOI through market rent adjustments and converting gross leases (Family Dollar & Treasure Mart) to NNN.
• Excellent Visibility & Accessibility. Situated along W Old Hwy 441 (±12,000 VPD), The Property enjoys prominent visibility and ease of access from all directions. Three points of ingress/egress, including access via a signalized intersection, provide seamless traffic flow for customers and tenants alike.
• Abundant Parking to Support Diverse Tenancy. With 447 surface parking spaces (±6.2/1,000 SF ratio), The Property offers ample parking capacity to accommodate a wide range of tenant uses, including retail, medical, and service-based operators.
• Well-Maintained Asset with Limited Capital Exposure. The Property has been consistently maintained, with roof and HVAC systems in excellent condition, resulting in minimal deferred maintenance and limited near-term capital expenditure requirements.

Description:

Prime Realty has been selected as the Exclusive Broker, to market for sale, Mount Dora Plaza - a fully occupied ±73,479 SF neighborhood Shopping Center on approximately 9.45 acres located along W Old Hwy 441 (12,000 VPD) in the heart of Mount Dora, Florida. The center features a diverse mix of national, regional, and local tenants including USPS, Family Dollar, and Treasure Mart, as well as long-standing tenant Mt Dora Pizza, which has operated at the center since 1978. This stable retail asset benefits from a dense and growing trade area, solid demographics, and multiple long-term tenants with staggered lease expirations. Mount Dora Plaza is a rare value-add opportunity in a highly sought-after Central Florida submarket.

Discover the charming surroundings of Mount Dora, FL, a sought-after destination brimming with historic appeal and modern conveniences. Situated near the picturesque shoreline of Lake Dora, the area embodies a perfect blend of small-town charm and thriving business potential. This vibrant community offers an array of dining, shopping, and entertainment options, along with a bustling arts scene that attracts visitors and locals alike. With proximity to renowned landmarks such as Donnelly Park, Mount Dora Museum of Speed, and the Mount Dora Center for the Arts, the location is ideal for an investor seeking to capitalize on the dynamic energy of the area.