7300 W Colonial Dr - Restaurant FOR SALE


Orlando, FL 32818- West Oaks
$3,069,000 USD
480-221-4221
7300 W Colonial Dr, Orlando, FL for Sale
$3,069,000 USD
Restaurant - FOR SALE
1/5
null | 5.75% Cap Rate

7300 W Colonial Dr
Orlando, FL 32818
West Oaks


HIGHLIGHTS

  • Corporate Signed Ground Lease | Long Operating History |Options To Extend | Scheduled Rental Increases
  • NNN Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
  • Outparcel to West Colonial Oaks | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN leased, Olive Garden investment property located in Orlando, Florida. The tenant, Olive Garden, has operated at this location for over 30 years and has 3 years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 11% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,069,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Olive Garden | Corporate NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

138

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

P-D

APN/PARCEL ID

26-2228-9155-00-031

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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