1601 Rickenbacker Drive, Sun City Center, Florida, USA

STABLE CASH FLOW WITH VALUE ADD POTENTIAL 

• This property is 97.5% occupied by eight tenants with one 236 SF unit vacant 

• Six of the eight tenants have NNN leases which provides stable cash flow and minimal landlord responsibilities 

• Three tenants have less than 2 years remaining on their lease. All three tenants are under market rents, providing Landlord or investor the opportunity to raise rents for those units 

• This property has a 5-year Levered IRR in the high teens, providing upside to potential investors in the near future 


STRATEGIC LOCATION 

• The asset is located on Sun City Center Blvd, a primary thoroughfare in Sun City Center, FL with an AADT of 43,500 

• Sun City Center is an age-restricted community with a median age of 75.2 years, with a plethora of golf courses, hobby shops, and destination-based facilities 

• Sun City Center was voted the #1 Retirement Community in 2024 by Realtor.com and Travel and Leisure Magazine 

• Nearby is Southshore Bay, a top 50 ranked master planned community in the country featuring a 5-acre MetroLagoon 

• The center contains various medical and professional services vital to senior citizens including optometry, dentistry, legal services, and at home care


DESIRABLE DEMOGRAPHICS 

• 50,818 population within a 3-mile radius 

• $96,981 average household income within a 3-mile radius 

• 22,244 households within a 3-mile radius