Second Mile Education | Adjacent to Brand New Mixed… — Sale in Sanford, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Sanford, FL 32773
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Second Mile Education is a leading provider of Dropout Prevention and Recovery Programming (DPRP), they have a commitment to operating outside of the conventional academic model and going above and beyond in their investment in the success of each student. Second Mile Education operates 27 charter schools across 12 counties with an educational model built on three pillars of being flexible, personalized, and supportive. Sanford, Florida, is the historic county seat of Seminole County, located on the southern shore of Lake Monroe about 20 miles northeast of Orlando and is home to approximately 66,000 residents. Sanford is home to Seminole State College of Florida and the Central Florida Zoo and Botanical Gardens. Investment Highlights: • Over Nine Years Remaining on Primary Lease Term • Ten Percent Rental Increases Every Five Years With Multiple Renewal Options • The Tenant Recently Renewed Its Charter Contract With Seminole County Public Schools Through 6/30/2031 • Corporate Guaranty by Second Mile Education • New Roof Installed in 2022 • All AC Units Have Recently Been Replaced • Less Than 1 Mile from Seminole County Five Points Government Complex and Seminole State College - Sanford/Lake Mary Campus (Approximately 8,425 Students) • More Than 164,000 Residents Within a Five-Mile Radius
Market Context
This retail in Sanford, FL is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Sanford, FL — view the full market.
As of Q1 2026, the Orlando retail market showed a 3.9% vacancy rate, average asking rents near $31.24/SF/yr, and rents up 5.2% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- Is the Orlando retail market tightening or softening?
- Vacancy is around 3.9%, with asking rents rising year over year (Q1 2026).
Estimated Price per SF
$75.66/SF – $550.22/SF
Mid: $229.26/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Spencer Berkley · (602) 687-6836 · spencer.berkley@marcusmillichap.com
- Mark Ruble · (602) 687-6766 · mark.ruble@marcusmillichap.com
- Chris Lind · (602) 687-6780 · chris.lind@marcusmillichap.com
- Zack House · (602) 687-6650 · zachary.house@marcusmillichap.com
- Ryan Nee · (954) 245-3400
- Josh Sciotto · (602) 687-6647 · josh.sciotto@marcusmillichap.com
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