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For Sale: Orlando Retail Center | Major Hwy SR 50 | 100% Leased
Price: $9,000,000
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Investment Highlights
- Located on Major Orlando Hwy SR 50 - 57,000 CPD
- Key Tenants: Rent-A-Center & Napa Auto Parts
- Internet and Recession-Resistant Tenant Mix
- NNN Leases - Majority with 5 or More Yrs Remaining
- Incudes Vacant, 1-Acre Outparcel with Significant Value-Add Opportunity
- Close to UCF, America's 2nd Largest University, & Valencia College, Florida's Largest State College
- Most Units Range Between 900 and 1,800 SF, Allowing for More Economical Leasing Oppurtunities
- No State Income Tax in FL
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Address: 10376 E Colonial Dr, Orlando, FL 32817
Rare opportunity to acquire a fully leased shopping center in high-demand Orlando, FL with a vacant, 1-acre outparcel (significant value-add). The property is located on Orlando's major highway, FL-50 (E Colonial Dr), and is only 3 mi from the massive University of Central Florida.
This asset presents strong fundamentals for a CRE investor, with strong cash flow, largely NNN leases with over 5 yrs remaining at below-market rents, and internet-resistant / recession-resistant tenants. Over one-third of the gross leasable area is leased by corporate-guaranteed Napa Auto Parts and Rent-A-Center, with the balance leased to successful restaurants, service providers and discount retailers, all backed with personal guarantees.
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SunDev Realty
5750 Major Blvd
Suite 240
Orlando, FL 32819
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Ameer Diab
Vice President
(407) 222-9336
(407) 409-1998
diabameer@sundev.com
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