10 N Summerlin Ave

10 N Summerlin Ave, Orlando, FL 32801

Property Information

  • For Sale $8,350,000
  • Property Type Retail - Street Retail
  • Property Size 19,991 SF
  • Date Updated Oct 23, 2026

Description

10 N Summerlin Avenue is strategically located in Thornton Park Central, just east of Lake Eola Park and minutes from Downtown Orlando’s CBD. The property offers immediate access to East Robinson Street (SR 50) and South Summerlin Avenue, two primary thoroughfares serving the urban core. The asset is also conveniently positioned near Interstate 4 (I-4), Orlando’s main east–west corridor, and State Road 408 (East-West Expressway), providing direct regional connectivity throughout Central Florida. Additional accessibility via Orange Avenue and Colonial Drive (SR 50) further enhances connectivity to surrounding neighborhoods, employment centers, and retail corridors.Thornton Park Central presents the opportunity to acquire a fully leased, 19,991-square-foot street-level retail center at 10 N Summerlin Avenue in Downtown Orlando’s Thornton Park district. The offering includes the retail component and its associated commercial rights; the residential condominium component is excluded. Leased to nine tenants and anchored by Starbucks, the property features a diverse mix of dining, nightlife, fitness, personal service, and entertainment. Ownership benefits from parking rights in the adjacent structured garage equal to five spaces per 1,000 square feet, outdoor dining areas, and professionally managed shared services. One block from Lake Eola Park, the center is positioned in a walkable neighborhood that draws residents and visitors throughout the year. Offered at $8,350,000, the investment reports $579,303 in-place NOI and a 6.94% in-place cap rate.

Highlights

  • $579,303 in-place NOI
  • $8,350,000 asking price
  • 100% occupied by nine tenants
  • 19,991 SF street-level retail center
  • 6.94% in-place cap rate
  • Approximately 4.1-year rent-weighted WALT as of January 1, 2027
  • Leases extend from 2028 through 2034; each tenant has at least one renewal option
  • Nearby residential neighborhoods support the property’s customer base
  • One block from Lake Eola Park in walkable Thornton Park
  • Outdoor dining areas and professionally managed shared building services
  • Parking rights equal to 5.0 spaces per 1,000 SF, which run with title
  • Scheduled contractual rent increases and tenant expense reimbursements
  • Starbucks-anchored, diversified tenant mix

Contacts

Location

Located at 10 N Summerlin Ave, Orlando, FL 32801, this property is part of the Downtown Orlando neighborhood and Orlando market.

Contact Listing Broker
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