Thornton Park Central Retail Investment

Thornton Park Central presents the opportunity to acquire a fully leased, 19,991-square-foot street-level retail center at 10 N Summerlin Avenue in Downtown Orlando’s Thornton Park district. The offering includes the retail component and its associated commercial rights; the residential condominium component is excluded. Leased to nine tenants and anchored by Starbucks, the property features a diverse mix of dining, nightlife, fitness, personal service, and entertainment. Ownership benefits from parking rights in the adjacent structured garage equal to five spaces per 1,000 square feet, outdoor dining areas, and professionally managed shared services. One block from Lake Eola Park, the center is positioned in a walkable neighborhood that draws residents and visitors throughout the year. Offered at $8,350,000, the investment reports $579,303 in-place NOI and a 6.94% in-place cap rate.