10 N Summerlin Ave, Orlando, FL for sale

Investment Overview

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.

Investment Highlights

• 19,991 SF street-level retail center
• 100% occupied by nine tenants
• Starbucks-anchored, diversified tenant mix
• $8,350,000 asking price
• $579,303 in-place NOI
• 6.94% in-place cap rate
• Approximately 4.1-year rent-weighted WALT as of January 1, 2027
• Scheduled contractual rent increases and tenant expense reimbursements
• Leases extend from 2028 through 2034; each tenant has at least one renewal option
• Parking rights equal to 5.0 spaces per 1,000 SF, which run with title
• Outdoor dining areas and professionally managed shared building services
• One block from Lake Eola Park in walkable Thornton Park
• Nearby residential neighborhoods support the property’s customer base