Mount Dora Plaza

Investment Overview

Prime Realty has been selected as the Exclusive Broker, to market for sale, Mount Dora Plaza - a fully occupied ±73,479 SF neighborhood Shopping Center on approximately 9.45 acres located along W Old Hwy 441 (12,000 VPD) in the heart of Mount Dora, Florida. The center features a diverse mix of national, regional, and local tenants including USPS, Family Dollar, and Treasure Mart, as well as long-standing tenant Mt Dora Pizza, which has operated at the center since 1978. This stable retail asset benefits from a dense and growing trade area, solid demographics, and multiple long-term tenants with staggered lease expirations. Mount Dora Plaza is a rare value-add opportunity in a highly sought-after Central Florida submarket.

Investment Highlights

• Strong In-Place Cash Flow. The Property generates a stable income, 100% leased by a diverse mix of national, regional, and local tenants.
• Value-Add Opportunity with Short-Term Lease Expirations. Despite healthy current income, The Asset features a rent-weighted average lease term (WALT) of 2.5 years, presenting a near-term opportunity to increase NOI through market rent adjustments and converting gross leases (Family Dollar & Treasure Mart) to NNN.
• Excellent Visibility & Accessibility. Situated along W Old Hwy 441 (±12,000 VPD), The Property enjoys prominent visibility and ease of access from all directions. Three points of ingress/egress, including access via a signalized intersection, provide seamless traffic flow for customers and tenants alike.
• Abundant Parking to Support Diverse Tenancy. With 447 surface parking spaces (±6.2/1,000 SF ratio), The Property offers ample parking capacity to accommodate a wide range of tenant uses, including retail, medical, and service-based operators.
• Well-Maintained Asset with Limited Capital Exposure. The Property has been consistently maintained, with roof and HVAC systems in excellent condition, resulting in minimal deferred maintenance and limited near-term capital expenditure requirements.
• Early USPS Renewal. USPS exercised its option early, extending the lease through 2033. USPS conducted a FMV determination and set renewal rent at $166,192/year starting 8/1/2028, an 81% increase over current rent.