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707 N Goldenrod Road, Orlando, FL

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707 N Goldenrod Road

Orlando, FL 32807-6286 - West University Submarket

Property Type:Retail Sub Type:Service Station Status:Existing Year Built:2001
Building Size:6,300 SF Land Area:4.33 AC (188,441 SF)
For Sale Price:$1,050,000 Price/SF:$166.67
Cap Rate:8.67 %
Parking:20 Surface spaces are available; Ratio of 2.77/1,000 SF

The subject property is a 6,400 square foot gas station/retail building located in Orlando, Florida. The property sits at the crossing of N. Goldrenrod Road and Valencia College Lane, with a combined daily traffic count of 44,000 vehicles. The offering includes 3,000 square feet for the convenience store, along with 3,400 additional square feet of retail strip center space fully occupied by three separate tenants. The subject property also includes eight gas pumps, on-site deli, an 800 square foot car wash and a total of 4.33 acres of land.
The property is strategically located on a hard, lighted intersection with great ingress and egress. There is a population over 283,173 within a five mile radius, with a 12% expected growth within a five mile radius by 2019. Orlando is the major city in the central region of the U.S. state of Florida. It is the county seat and the center of the greater metropolitan area. Orlando ranks as the fourth most popular city, based on where people want to live, according to a 2009 Pew Research Center study.

*Please see agent concerning the environmental condition of the property.

Sale Notes:
This Retail Strip Center with Gas is located at the signalized hard corner of Goldenrod Road and Valencia College Lane just North of the 408 Toll Road and South of Colonial Drive. It sits on about one and a half acres with a retail strip of 6,300 SF with a gas station attached. All pumps and tanks belong to the real estate and shall be convey upon sale. The anchor Tenant has been at this location since 2001 and all other Tenants have been here for at least a few years. All leases are triple net with pass thrus which include property management. After all operating expenses, the Net Operating Income is $86,411 annually. Within a 1 mile radius, there is a population of over 14,000 and a daily traffic count of over 40,000 VPD.

TRG Commercial Real Estate
Tony Nguyen
(407) 852-8889

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