Mike Milano, CCIM, MAI and Sean Glickman, CCIM with the Milano-Glickman Retail Team and Executive Managing Directors of Colliers International are pleased to present Spring Centre, a 13,129 SF destination strip center that boasts an ideal line-up of quality tenants that are service-oriented and e-commerce resilient. Located just .25 miles from I-4 and along one of Orlando’s busiest roadways that sees over 63,000± AADT, the property is well-positioned to serve a captive audience that is both dense and affluent. With a majority of the tenants having contractual rent increases between 2.0% to 3.0% and all of the leases being triple net, this offering presents an opportunity to acquire a well-located asset that offers consistent NOI growth with long-term leases.
- Long-term, triple net leases with annual rent increases
- Brand-new roof in 2016 with 20-year warranty
- Service-oriented and e-commerce resilient tenant mix
- Quality tenants with significant operating history
- Santiago’s Bodega is a staple in the Orlando dining community
- Dense and affluent submarket of the Orlando MSA
- Adjacent to a high-volume Starbucks
- Proximity to the entrance/exit to I-4
- Located along one of Orlando’s busiest roadways that sees 63,000± AADT
- Property Type
Retail
- Submarket
- Total Building Size
4,095RSF
- Total Acres
0.3
- Building Class
A
- Property ID
1811382
