Mel Laurn Square

100% FULLY LEASED NEARLY NEW RETAIL CENTER

This fully leased retail center offers thirteen tenants, with separately metered utilities. This concrete block/stucco building was built in 2008 and has 88 parking spaces (4/1000) The center has been well maintained with minimum upkeep and final build out in 2014.

This is priced to sell at a true 8% Cap with a 2014 NOI of $154,000 (including vacancy rate!!!). Vacancy is short lived and rare in this center and in the surrounding area. 2015 NOI is running at $181,190, at sale price this is a 9.8 cap rate.

Huge signage with a big billboard and unit signs. Excellently located between SR 408 & Colonial Dr with terrific visibility and access, the demographics in this area are strong for retail with over 40,000 cars daily passing by. Within minutes to Downtown, Orlando Airport & I4.