3770 37th St - Freestanding FOR SALE


Orlando, FL 32805- Florida Center North
$14,181,810 USD
727-235-1992
3770 37th St, Orlando, FL for Sale
$14,181,810 USD
Freestanding - FOR SALE
1/10
null | 5.5% Cap Rate

3770 37th St
Orlando, FL 32805
Florida Center North


HIGHLIGHTS

  • Hi-Profile NNN Investment
  • Credit Grade Tenant
  • Second Largest Harley Davidson Operator in the Nation
  • Direct I-4 visabilty
  • Long-term 20 year lease in place
  • 5.5% Cap Rate TRUE NNN ABSOLUTE LEASE

OVERVIEW

Major Price Reduction 5.5% Cap, John Burpee & Associates is proud to present an iconic investment opportunity in Orlando Florida. (Real Estate Sale only, Business is NOT included) Orlando Harley Davidson dealership is the tenant located at 3770 37th Street Orlando Fl 32805 is one of the most hi-profile best performing retail locations in the entire Harley Davidson organization. With direct I-4 frontage in the heart of Orlando Florida this location receives 220,000 views per day from highway traffic on I-4. The current tenant HD American Road Group, LLC is the second largest Harley Davidson franchisees in the nation with 9 Harley Davidson full dealerships, 4 separate merchandise locations as well as several other motorsports related dealerships throughout the country. In February 2023 they signed a new absolute 20-year NNN lease proving their commitment to the location. Current rents are $780,000 per year until Feb 2028 with 10% escalations every 5 years thereafter. The Orlando MSA is home to national attractions like Walt Disney World and Universal Studios, as well as nationally recognized universities like the University of Central Florida and Full Sail University. Orlando is home to 280,257 people and sees over 70 million tourists per year. In 2017, its 72 million visitors made it the most visited US destination that year. Major economic drivers to the region include the many attractions and the Research Park at UCF. Orlando has a total Office GLA of 102,000,000 SF. The Research Park at UCF is home to many recognizable companies such as Lockheed Martin, Siemens, Leidos, Luminar and more. Publix Supermarkets has their headquarters in Lakeland, FL, just to the southwest of Orlando. Publix ranked #87 on the 2020 Fortune 500 list. The area benefits from recent and ongoing developments such as Lake Nona Town Center, Lake Nona Wave Hotel, Boxi Park, the UCF/Lake Nona Medical Center, Creative Village, and the Under-I project which will build a community park under the I-4 bridges between Church St and Washington St. Deal Points: Extremely low rent-to-sales ratio Phenomenal brand recognition Booming Orlando Market #1 Tourist Market in Florida Irreplaceable visibility from I-4 Part of the Mall of Millenia Trade zone Major $3+M renovation coming in next few years

FOR SALE DETAILS

PRICE

$14,181,810 USD

PRICE/SF

$429 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orlando Harley Davidson

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Auto Dealership, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

5.88 AC

LAND SF

256,133 SF

ZONING

IG, County

APN/PARCEL ID

09-2329-0013-00-010

ASK ABOUT THIS PROPERTY

John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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

John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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