Apopka Commons

Apopka Commons is a 45,368± square foot retail center anchored by Staples and Dollar Tree located in Apopka, Florida as part of the metropolitan Orlando market. This community is growing at an accelerated pace and households with $75,000 or more income within the one mile area around the center is 29% higher than Metro Orlando in general, and also has a high home ownership rate.

The center is well maintained and in good condition. The site is located on the south side of US Highway 441 (39,800 AADT) and adjacent with cross easements to Home Depot. There are four outparcels, Panera, Chili’s, McDonald’s and Wendy’s that are not included in the center, but help drive traffic. The center is currently 76% occupied by five tenants with a 7,967 SF space that was a former government office and a 2,861 SF space available. Across the street is Lowe’s and Errol Plaza anchored by Winn Dixie.

Investment Highlights

• 7.0% Cap Rate
• Well maintained shopping center anchored by Staples and Dollar Tree
• Shadow anchored by Home Depot and two outparcels, Panera and Chili’s, not included in the center but help drive traffic
• Across the street from Lowe’s and Winn-Dixie in a key retail corridor
• New roadways and continued expansion of State Road 429 have created more growth and traffic in this area
• Appealing demographics and one of the fastest growing cities in Central Florida