Sand Mine Plaza | 49591 Highway 27
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Sand Mine Plaza 49591 Highway 27
11,305 SF 100% Leased Retail Building Davenport, FL 33897 £6,299,505 (£557/SF) 5.75% Net Initial Yield
Investment Highlights
- Newly Constructed & Stable Income Stream: Built in 2023 with long-term NNN leases and minimal landlord responsibilities.
- Scheduled Rent Increases: Throughout primary terms and option periods.
- High-Traffic Location in Dynamic Retail Corridor: 57,000 vehicles per day with convenient ingress/egress to US-27 on a signalized hard corner.
- Starbucks Endcap with Drive-thru: Investment grade tenant—S&P Credit Rating: BBB+ with a Stable outlook.
- Exponential Growth: 3-Mile Population Growth: 133%; 5-mile Population Growth: 169% (2010-2023); Over 5,000 homes under development in the area.
- Nearby Retailers: Publix, McDonalds, CVS, Chipotle, Twistee Treat, Truist, Wendy’s, Circle K, McDonalds, IHOP, and more.
Executive Summary
Simaan Real Estate is pleased to exclusively offer for sale a 100% fee simple interest in Sand Mine Plaza, a four-tenant retail strip center anchored by a Starbucks endcap drive-thru. The shopping center is strategically located on US-27, the primary retail thoroughfare serving the area with high traffic counts of 57,000 vehicles per day. Sand Mine Plaza is in close proximity to thousands of vacation homes, short-term rental communities, Orlando’s world class theme parks, and I-4. The subject property has excellent exposure, convenient ingress/egress through a full-access traffic signal and right-in/right-out curb cut, and beneficial cross access to the adjacent lots.
Sand Mine Plaza represents a unique opportunity to acquire a 100% occupied Class A retail asset with NNN leases and minimal landlord obligations in one of the strongest performing retail submarkets in Central Florida. All leases have favorable scheduled rent increases providing an inflation hedge.
** Please contact listing broker for offering memorandum and to schedule property visits. **
Sand Mine Plaza represents a unique opportunity to acquire a 100% occupied Class A retail asset with NNN leases and minimal landlord obligations in one of the strongest performing retail submarkets in Central Florida. All leases have favorable scheduled rent increases providing an inflation hedge.
** Please contact listing broker for offering memorandum and to schedule property visits. **
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,305 SF
Building Class
B
Year Built
2023
Price
£6,299,505
Price Per SF
£557
Net Initial Yield
5.75%
NOI
£362,224
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.13
Lot Size
1.93 AC
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalised Intersection
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Giovanni's Pizzeria & Kitchen
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Jersey Mike's Subs
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Sand Mine Dentistry
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Starbucks
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Giovanni's Pizzeria & Kitchen | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Jersey Mike's Subs | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Sand Mine Dentistry | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - | |
| Starbucks | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 26-25-13-998012-000030 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £814,379 |
PROPERTY TAXES
Parcel Number
26-25-13-998012-000030
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£814,379
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Sand Mine Plaza | 49591 Highway 27
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