Foster's Corner | Core - Value Add @ 7.92% CAP Proforma | $190.91 PSF | 1.9 Acre Lot | Orlando MSA

515 N Park Ave, Apopka, FL 32712

Marcus & Millichaps TC Retail Group is pleased to exclusively present an exceptional investment opportunity at Fosters Corner, a 22,000 square-foot retail/medical center located on an oversized 1.90-acre lot at 515 N Park Ave, Apopka, FL. Priced at $190.91 per square foot, this property offers newer construction below replacement cost and significant value for investors. Fosters Corner features a strong tenant mix of 10 diverse businesses, including nationally recognized tenants, medical practices, and regional/local service-oriented businesses. With NNN lease potential and current Net rents at $13.25 per square footwell below the market average of $29.80the property provides a substantial value-add opportunity with reliable rental income and minimal landlord responsibilities. This property benefits from high visibility and accessibility on N Park Ave, a prime location across from Dream Lake Elementary and Apopka Memorial Middle School. The areas high traffic volume ensures consistent visibility, supported by nearby major retailers such as Walmart, Publix, Lowes, and Wendys. These anchor tenants drive significant foot traffic, further enhancing the sites appeal. Apopkas booming market, characterized by robust residential and commercial development, positions Fosters Corner as a premier investment opportunity. The Greater Orlando areas sustained economic growth solidifies this propertys long-term potential for both stability and capital appreciation.

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