Brandon Rapone

Mike Milano, CCIM, MAI with the Milano Retail Team and Executive Managing Director at Colliers International is proud to offer for sale Forest Oaks Plaza, a 38,432 SF value add strip center located in Spring Hill, Florida (Tampa MSA). Forest Oaks contains an ideal line-up of service-oriented, e-commerce resilient tenants. There is overwhelmingly positive leasing momentum as the owner has signed 8 new leases and one expansion lease within the past year, which speaks to the strength of this location. Given this leasing trend, the property still offers significant and realistic value-add potential to increase the NOI nearly 12% through lease-up of the three (3) available spaces (13% of total GLA).

• Value-add potential through lease-up of currently unoccupied space.


• Ability to increase the NOI roughly 12.0% within a short period of time.


• Overwhelmingly positive leasing momentum – the current owner has signed leases with eight (8) new tenants and expanded one existing tenant all within the past year.


• The property is being offered at a discount to replacement cost ($152/SF)


• Ideal lineup of service-oriented, e-commerce resilient tenants.


• BVA Compass Bank at this property had $284,341,000 in deposits as of June 30, 2020. This location has the 4th highest deposits out of 44 locations in Florida.


• The average rental rate at the property is exceptionally affordable at $12.72/SF which greatly minimizes risk during uncertain economic times.


• Nearly all leases are triple net (NNN) – allowing for protection against expense increases.


• A majority of the tenants have annual rent increase, allowing for consistent NOI growth.

Sean Glickman, CCIM, with the Glickman Retail Team and Executive Managing Director at Colliers International is proud to offer for sale Enterprise Center, a 46,793 SF multi-property asset that offers both short and long-term value-add potential through lease-up of vacant space (75.2% occupied) and through converting gross/modified gross leases into triple net. The tenant roster is comprised of a desirable mix of long-term, service-oriented tenants that are protected from the growing threat of e-commerce. The property is ideally positioned in Orange City’s dominant commercial corridor and offers unparalleled frontage along a busy, heavily traveled roadway. This is an excellent opportunity to acquire a well-located, well-tenanted asset in a growing and desirable submarket with substantial value-add potential.

• Significant value-add potential through lease up and converting leases into NNN


• Ability to increase the NOI nearly 36% within a short period of time


• Excellent line-up of service-oriented, e-commerce resilient tenants


• Diversified rent roll with multiple uses including medical, retail, service and government


• Unparalleled frontage along a busy main roadway


• Recent capital improvements including roof, HVAC, parking and landscape


• Ample parking to accommodate a wide variety of users


• Located in Orange City’s dominant commercial corridor


• Strategically located between two major metros: Orlando and Daytona


• Growing submarket with desirable demographics

Sean Glickman, CCIM, with the Glickman Retail Team and Executive Managing Director at Colliers International is proud to offer for sale the Ross Building, a 19,684 SF office building located directly in front of the AdventHealth Fish Memorial Hospital in Orange City, FL (Daytona MSA). This center boasts a highly desirable line-up of “essential” tenants that are nationally and regionally recognized and considered credit worthy. With a majority of the tenants on long-term leases, this asset provides an exceptional opportunity to acquire irreplaceable real estate that provides a stable income stream with consistent NOI growth.

• Directly in front of the AdventHealth Fish Memorial Hospital


• The hospital is undergoing a $100 million construction/expansion project


• Stabilized property with consistent NOI growth


• “Essential” tenant line-up with credit-worthiness


• All tenants are nationally/regionally recognized with multiple locations


• Located 0.5 miles from I-4, allowing for regional accessibility


• Cogent Bank had $62,459,000 in deposits as of June 30, 2020


• Located in Orange City’s dominant commercial corridor


• Strategically located between two major metros: Orlando and Daytona


• Growing submarket with desirable demographics

Mike Milano, CCIM, MAI and Sean Glickman, CCIM, with the Milano–Glickman Retail Team and Executive Managing Directors at Colliers International are proud to offer for sale the Sebring Shoppes, a newly constructed 6,600 SF NNN retail strip center. The property is 100% occupied by three (3) national/regional tenants that feature ten (10) year NNN leases. This is a great opportunity to acquire a well-located asset that produces a stable income stream from three credit-worthy tenants.

• Outparcel to Lowe’s Home Improvement.


• Close proximity to the Lakeshore Mall, a 495,972 SF enclosed mall.


• Adjacent to a 236,098 SF power center, Sebring’s dominant retail destination.


• US Hwy 27 is the main north/south roadway in Sebring and a majority of the national retailers center around this road.


• Sebring is a regional hub and retail destination for other cities and towns that are within the area.


• Trulieve and Kay Jewelers have corporately guaranteed leases.


• Jersey Mike’s has a guarantee from a strong franchisee with a high net worth.


• Kay Jewelers (3,500 locations), Jersey Mike’s Subs (1,500 locations), and Trulieve (57 locations) are nationally/regionally recognized brands.


• Quality newer construction with little to no expected capital expenditures within the first few years of ownership.


• All tenants have ten (10) year leases with ten percent (10%) increases every five (5) years.


• All leases are structured as triple net (NNN) so there is minimal expense slippage for the new owner.


• Passive investment that requires minimal landlord obligations.

Sean Glickman, CCIM and Mike Milano, CCIM, MAI with the Milano-Glickman Retail Team and Executive Managing Directors at Colliers International are proud to offer for sale Shoppes of Ocala, a 13,962 SF unanchored, value add strip center located in the heart of Ocala’s most dynamic retail corridor. The property is shadow anchored by Walgreens and is located on a hard signalized intersection, featuring a diversified line-up of national brands and strong regional/local tenants that are service-oriented, recession and e-commerce resilient. Although there are stable tenants in-place with triple net (NNN) leases, there is an excellent opportunity to create value during the course of ownership as a majority of the tenants are paying significantly below-market rents.

• Positioned at a hard-signalized intersection along Hwy 200 in Ocala’s dominant retail corridor.


• Across the street from Ocala’s premier 600,000 SF open-air lifestyle center.


• Outparcel to one of Ocala’s major hospitals and shadow-anchored by Walgreens.


• Easy access to I-75, one of Florida’s major highways.


• Ideal line-up of service-oriented, recession and ecommerce resilient tenants.


• Anchored by Bonefish, a national chain with over 188 locations.


• All leases are triple net (NNN) – minimal expense slippage.


• Consistent NOI growth due to contractual rent increases.


• Well-diversified income stream from seven (7) types of users.


• Many tenants have a significant track record of success at this property.


• Multiple tenants pay below market rents

Sean Glickman, CCIM, with the Milano–Glickman Retail Investment Team and Executive Managing Directors at Colliers International are proud to offer for sale the Shoppes at Kissimmee. This 74,520 SF shopping center is fully occupied with a tenant roster dominated by national brands (91% of the GLA and 86% of the PGI) and boasts anchor/junior anchor tenants including Ross Dress For Less, Bealls Outlet and Dollar Tree. The property is strategically located at the hard-signalized intersection of two of Kissimmee’s busiest roadways and is positioned alongside many other national retailers. This is an ideal opportunity to acquire a stabilized asset leased to value-oriented tenants that continue to thrive despite the growing presence of e-commerce.

• Anchored by Ross Dress For Less and Bealls Outlet, and Dollar Tree


• Greenberg Dental recently expanded and renewed for 10 years, providing a stable medical component to the property


• Ross is paying significantly below market rent


• Beall’s Outlet store sales are above-average and are growing by more than 7.0% year over year


• Average rental rates and CAM charges are below market


• Additional billboard income is included in the offering


• Minimal lease expirations in the next four (4) years with a staggered lease expiration which allows for minimal turnover vacancy risk


• 91% of the GLA consists of national, credit brands


• Value-oriented retailers that are E-commerce resilient


• Exceptionally high traffic counts – over 112,500± AADT


• Limited competition from other shopping centers


• $1.25 million spent on capital improvements


• Excellent frontage, access and visibility from both major arteries and a hard signalized intersection.


• Orlando is the tourism capital of the world with over 75 million visitors a year


• Directly across from a Publix Supermarket


• Close to Sunrail station and all tourist attractions such as Walt


• Disney World, Universal, SeaWorld, International Drive and more

Sean Glickman, CCIM with the Glickman Retail Team and Executive Managing Director at Colliers International is proud to offer for sale a net leased CVS located in the Naples MSA. The property is located at the main and main intersection and faces limited competition with only one direct competitor in the trade area. After a twenty (20) year track record of success and a recent five (5) year renewal, this is an excellent opportunity to secure a stable income stream that is corporately guaranteed by the largest pharmacy chain in the U.S.

• Recent five (5) year renewal


• Twenty (20) year track record of success at this location


• Limited competition with only one direct competitor in the trade area


• Minimal landlord responsibilities – only roof and structure


• Main and main intersection – across the street from the only grocery anchor center in the trade area


• Located just minutes from the Seminole Casino


• Corporately guaranteed lease


• CVS is the largest pharmacy chain in the U.S. with nearly 10,000 locations


• Florida is an income tax-free