225 North Ronald Reagan Boulevard, Longwood, FL for sale

Investment Overview

Offered for sale at $2,300,000, 225 N Ronald Reagan Boulevard is a ±9,012 SF multi-tenant strip center in Longwood, adjacent to the Longwood SunRail station. Two tenants occupy approximately 79% of the property under new five-year leases with 3% annual rent increases, generating approximately $150,000 in scheduled annual income. The vacant 1,888 SF end-cap suite offers flexibility for an owner-user or an investor seeking additional income. At the asking rent of $18.00/SF NNN plus $5.00/SF CAM, leasing the suite could bring projected annual income to approximately $193,436 and NOI to approximately $148,436. The offering reflects approximately $255/SF, with seller financing available.

Investment Highlights

• ±9,012 SF multi-tenant strip center
• Offered at $2,300,000, or approximately $255/SF
• 79% leased to two tenants on new five-year leases
• 3% annual rent increases in both tenant leases
• Approximately $150,000 in scheduled annual income
• In-place NOI of approximately $115,000; 5.0% cap rate at asking price
• 1,888 SF end-cap suite available November 2026
• End cap offered at $18.00/SF NNN plus $5.00/SF CAM
• Lease-up potential of approximately $43,000 in additional annual income
• Projected NOI of approximately $148,436 and a 6.45% cap rate if the end cap is leased at asking
• Adjacent to the Longwood SunRail station
• Seller financing available