• 3608 E Colonial Dr, Orlando, FL 32803

For Sale

Retail

For Sale

This property is available for sale
0.06
Acres
$2,275,000
Sale Price
  • Year Built
    2002 (Renovated 2020)
  • Overview

    SECURE INCOME STREAM
    • New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
    • 10% Rent Increases Every 5 Years
    • Brand New Roof with 15-Year Warranty
    • Purple Square Management Has Exclusive Rights to Open 12 Additional Take 5 Locations in the Next 12 Months
    • Experienced Franchisee and Guarantor, Operates Over 150 Locations in the QSR and Auto Service Industry
    • Larger Footprint than Typical Oil Change Facilities
    • Excellent Access and Visibility to 65,500 Cars/Day
    • Infill Trade Area with 303,381 Residents in 5-Mile Radius


    STRONG MARKET FUNDAMENTALS
    • High-Growth Market, Population Expected to Increase 8% by 2025
    • Across from Fashion Square Mall, $1B Mixed-Use Redevelopment Expected to Begin in 2021
    • Fashion Square Redevelopment to Include 1,500 High-Rise Apartments, 500,000 SF of Retail, 200,000 SF of Office and a Hotel
    • Affluent Consumer Base with an Average Household Income of $88,496
    • Strong Daytime Employment of 390,879 within 5 Miles
    • Minutes to Baldwin Park and Downtown Orlando

    New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities

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Property Details

Take 5 Oil Change | UNDER CONTRACT

SECURE INCOME STREAM
• New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
• 10% Rent Increases Every 5 Years
• Brand New Roof with 15-Year Warranty
• Purple Square Management Has Exclusive Rights to Open 12 Additional Take 5 Locations in the Next 12 Months
• Experienced Franchisee and Guarantor, Operates Over 150 Locations in the QSR and Auto Service Industry
• Larger Footprint than Typical Oil Change Facilities
• Excellent Access and Visibility to 65,500 Cars/Day
• Infill Trade Area with 303,381 Residents in 5-Mile Radius


STRONG MARKET FUNDAMENTALS
• High-Growth Market, Population Expected to Increase 8% by 2025
• Across from Fashion Square Mall, $1B Mixed-Use Redevelopment Expected to Begin in 2021
• Fashion Square Redevelopment to Include 1,500 High-Rise Apartments, 500,000 SF of Retail, 200,000 SF of Office and a Hotel
• Affluent Consumer Base with an Average Household Income of $88,496
• Strong Daytime Employment of 390,879 within 5 Miles
• Minutes to Baldwin Park and Downtown Orlando

New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities

  • Property Type
    Retail
  • Submarket
  • Year Built
    2002Renovated 2020
  • Sale Price
    $2,275,000
  • Total Acres
    0.06
  • Cap Rate
    6.0%
  • Property ID
    2170341

Landlord's Sales Representative

  • Thomas Ladt
    Colliers | Carlsbad