For Sale
$2,700,000

13645 Colonial DrOrlando, FL 32826

Orlando QSR, 15-Year Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This offering presents a fee-simple interest in a newly constructed (2024) Pollo Campero quick-service restaurant located at 13645 E Colonial Dr, Orlando, FL 32826. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee, commencing May 17, 2024, and expiring June 1, 2039. Rent increases of 10% every five years ensure a growing income stream. The 2,520 square foot building sits on a 0.94-acre lot and includes a drive-thru and 31 parking spaces. The property enjoys 100% occupancy and generates a Net Operating Income (NOI) of $135,000, representing a 5.00% cap rate on the $2,700,000 asking price. Situated on a major retail corridor with over 56,000 vehicles per day, the location benefits from high visibility and accessibility. The surrounding area features strong demographics, including a population exceeding 209,000 within a five-mile radius and an average household income over $97,000. Nearby amenities include a new 296-unit apartment complex, Starbucks, and other major retailers such as Winn-Dixie, CVS, and Walgreens. Its proximity to the University of Central Florida (UCF) and the Central Florida Research Park further enhances its appeal. The property is zoned for Planned Development and has a total of one, single-story building. The APN is 23-22-31-1538-01-000. This investment offers long-term security and significant upside potential in a thriving Orlando market.

Highlights

  • Corporately guaranteed lease with a globally recognized quick-service restaurant (QSR) brand operating since 1971, with over 100 US locations and 400+ worldwide.
  • Absolute NNN ground lease; no landlord responsibilities.
  • New 15-year lease with four 5-year renewal options.
  • 10% rental increases every five years.
  • High-traffic location on E. Colonial Drive (56,000 vehicles per day), adjacent to a new 296-unit apartment complex.
  • Excellent visibility and proximity to major retailers including Winn-Dixie, Walmart, Publix, At Home, Hobby Lobby, Academy Sports, 24 Hour Fitness, Burlington, and Aldi.

Property Details for 13645 Colonial Dr

Property type
Retail properties
Square Feet
2,520 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.5659198
Longitude
-81.1856154
13645 Colonial Dr, Orlando, Florida

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13645 Colonial Dr
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