Tri-Cities Shopping Plaza/Mount Dora, FL

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Retail

Mount Dora, FL

76,172 SqFt

Built in 1988

Core Plus

76,172 SF Shopping Center Anchored by Ross Dress for Less, TJ Maxx and Dollar Tree
Located in High-Growth Submarket of Mount Dora, Florida
Strong In-Place Cash Flow Due to Assumable Financing with Fixed Rate, Below-Market Interest Rate of 4.85%
Shadow Anchored by High-Volume Hobby Lobby
89% of GLA has Tenure at the Property of 10 Years or More
Below Market Rents Contribute to Upside and Acquisition Basis Below Replacement Cost
Further Upside Potential through Adding Additional Outparcel
Signalized Corner of US Highway 441 and Eudora Road with Traffic Count of 53,900