3157 E Colonial Dr - Retail FOR SALE


Orlando, FL 32803- Audubon Park
$5,693,000 USD
714-400-6267
3157 E Colonial Dr, Orlando, FL for Sale
$5,693,000 USD
Retail - FOR SALE
1/10
null | 6% Cap Rate

3157 E Colonial Dr
Orlando, FL 32803
Audubon Park


HIGHLIGHTS

  • Two-Tenant Net-Lease Investment (Aspen Dental & CAVA) – New Long-Term Corporate Leases (Entirety of Term & Extensions)
  • World-Class Trophy Retail Location in Orlando, FL – Income Tax-Free State – East Colonial Dr (SR 50) with 83,000 VPD
  • Aspen Dental – Approx. $8.4B in U.S. Annual Revenue – Subsidiary of The Aspen Group (TAG)
  • CAVA – S&P 400 Component (2023 IPO), $954M in Annual Revenue Trending Up
  • Nearby Major Traffic-Generating Retailers Include: Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts
  • Tenants Responsible for Taxes, Insurance, CAM, plus Management Fees (Includes Roof Warranty)

OVERVIEW

Exclusively Listed in association with Brian Brockman | License No. BK3327646 We are pleased to present to qualified investors an opportunity to purchase a trophy, two-tenant net-lease property in Orlando, FL, featuring premium, corporate tenants Aspen Dental and CAVA on new long-term leases (fee simple – land & building). This property is located at one of the most premier retail locations in the entire U.S. at the intersection of E Colonial Drive (State Route 50) and Maguire Boulevard in the heart of Orlando, FL. Adjacent to national retailers Floor & Décor (#1 in a 5 0- Mile Radius per Placer.ai), Macy’s, and Dillard’s; this site is also next to traffic draws that include Target, Burlington, ALDI, PetSmart, Marshalls, Bealls, Ulta, Total Wine, Big Lots, Sprouts, Five Below, Petco, Hobby Lobby, Bath & Body Works, Ross, and Dick’s Sporting Goods. As further testament to this class-A location, the site sees over 83,000 Cars Per Day at the signalized intersection. Additional national retailers nearby also include Planet Fitness, Crunch Fitness, LongHorn Steakhouse, Panera Bread, Chipotle, Del Taco, Olive Garden, Starbucks, Pei Wei, Chick Fil-A, Noodles and Company, Goodyear, Take 5, Firestone, Verizon, T-Mobile, Hot Topic, Sunglasses Hit, Old Navy, and Men’s Wearhouse. Aspen Dental and CAVA provide a complementary tenant mix of medical and fast casual that supports durable income backed by corporate guarantors for the entirety of the leases, minimal management (includes a 16-year new transferable roof warranty), and long-term tenant stability in one of Florida’s most dynamic growth markets.

FOR SALE DETAILS

PRICE

$5,693,000 USD

PRICE/SF

$949 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Dental - CAVA | Trophy NNN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.