Prime Location
- Main and Main location for the trade area at the 16-lane intersection of Semoran Boulevard (SR 436) and Piedmont Wekiwa Road – 82,000 VPD
- Semoran Blvd (436) is one of the Orlando MSA’s major commercial arteries connecting with I-4 less than 5 miles east
- Piedmont Wekiwa Road is an important feeder road for the surrounding neighborhoods
- Convenient access with four points of entry into the Center
- Significant enhancement to nearby cross-shopping with addition of Sprouts and Ulta at the Property’s intersection
- Extremely healthy submarket with an overall occupancy rate of 98%
Demographics of Choice
- Densely populated, affluent and family-oriented trade area
- 77,873 residents in a 3-mile radius with projected growth of 3.1% over next 5 years
- $80,285 average household income
- Median age of just 39.8 years
- The center serves an expansive trade area given significant anchor spacing and the lack of retail competition to the west
Ideal Tenant Line-Up
- Dynamic lineup covering discount apparel, fitness, arts and crafts, discount variety, restaurants and children’s daycare (unowned outparcel)
- Bealls has operated at the property since 2003 and in 2017 rightsized to +/- 47k sf while extending their lease for 10 years
- Bealls Outlet, 24 Hour Fitness and Party City joined the center in 2017, and Dollar Tree joined in 2021, affirming the center’s position among the top tier of centers in Apopka and drive traffic throughout the week
- National tenants represent 91% of GLA
- Bealls Outlet (+4.3%) & Party City’s (+18.4%) 2021 sales were up significantly over 2019
Secure & Growing Income Stream
- Base rental rate for Hobby Lobby, Bealls, Bealls Outlet, Party City and Dollar Tree are significantly below two anchor leases recently completed at the same intersection at +$20.00 psf
- All anchors have contractual rent escalations over the next 5 years
- Below replacement cost pricing