11750 East Colonial Drive, Orlando, FL
Sale Price: $12,468,654
CAP Rate: 5.50%
Net Operating Income: $685,776
Building Size: 52,752 SF
Year Renovated: 2016
The Kase Group is pleased to o er for sale a 52,752 +/- SF Corporate Master Leased retail property located in Orlando, Florida. Anchor tenant, Lucky’s Market. Corporate Guarantee from a massive publicly traded company. The tenant has put +/- $5,000,000 into the space. This building has been completely rehabbed by Lucky’s Market: new HVAC, new façade, new lighting, flooring and many other building improvements. Full NNN Lease with no landlord responsibilities. The initial term is a 20 year master lease with 7.5% rental increases every five years of the lease. Located at 11750 East Colonial Drive in Orlando, Florida (the Property), the Property is located on a signalized and well tracked intersection of Colonial Drive and Alafaya Trail (114,000 VPD).
The property is situated approximately 10 minutes from the heart of downtown Orlando. Surrounding national retailers including Academy Sports, Target, Regal Cinemas, Home Depot and Kohl’s. This property is in the center of a retail corridor which serves a large household population. The property is also close to the University of Central Florida and its over 70,000 students, as well as major employers such as Lockheed Martin and Siemens Westinghouse.
East Orlando revolves around a strong and vibrant business community, using USF’s educational and research resources. Numerous large business provide residents the opportunity to work near home and avoid long commutes. Within a 15 minute trade area there is a daytime population of over 460,000. Persons with a higher education make up over a third of the market with a median income of over $50,000 per year. There is a tremendous amount of Lucky’s Market core customers in the area and this site looks to be very high volume store.