Overview
Apex Capital is pleased to exclusively offer the opportunity to acquire a highly sought-after Save A Lot anchored shopping center located in Deltona, Florida. The offer also includes a .7 acre outparcel which is located on the Southeast corner of the property. The shopping center offers significant exposure and is located at the signalized corner of Howland Boulevard & Courtland Boulevard. The property sits on a 6.56-acre lot and contains 51,218 SF GLA. Throughout the past 30 years, tenancy has remained stable, and occupancy has been high. An investor can capitalize on raising rents to market rate, filling a 7,500 SF vacancy, and the opportunity to build, or sell a .7 acre outparcel. The property features a parking ratio of 5:1,000 SF. Current occupancy is 85% +/-. Current NOI is $533,886 and ProForma NOI is $586,643
Property details
This property is no longer on the market. Details are shown as they were published while it was listed.
