For Sale
$15,600,000

3770 37Th St Orlando, FL 32805

High-profile, 20-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 35,029 square foot, Class A, two-story storefront in Orlando, Florida. The property, built in 2002 and renovated in 2022, sits on a 5.86-acre lot (APN: 09-23-29-0013-00-010) with prime I-4 frontage, boasting 220,000 daily views. Currently 100% occupied by a single tenant, the second largest Harley-Davidson franchisee in the nation, under a 20-year absolute NNN lease commencing February 3, 2023, and expiring February 2, 2043 (18.2 years remaining). The lease includes three options and features annual rent of $780,000, escalating by 10% every five years. The property offers a 5.00% cap rate and a price per square foot of $445.35. The asking price is $15,600,000. This investment benefits from the strong Orlando market, its status as Florida's #1 tourist destination, and the tenant's significant financial strength. The property is zoned for retail use and enjoys exceptional visibility. A major $3+ million renovation is planned in the coming years. This is a truly unique opportunity to acquire a high-performing, low-risk investment in a prime location.

Highlights

  • 35,029 SF Class A, two-story retail building in Orlando, FL on a 5.86-acre lot with I-4 frontage.
  • Absolute NNN lease with the nation's second-largest Harley-Davidson franchisee.
  • 20-year lease (18.2 years remaining) with three options; $780,000 annual rent, 10% increases every five years.
  • 5.00% cap rate, $445.35/SF, $15,600,000 asking price.
  • Prime location in Orlando's booming market, benefiting from high visibility and proximity to Mall at Millenia. A planned $3M+ renovation is forthcoming.

Property Details for 3770 37Th St

Property type
Retail properties, Retail space
Square Feet
35,029 SF
Class
A
Year Built/Renovated
2002/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
255,262 SF
Units
1

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.503458060921
Longitude
-81.424933810954

FAQs

What type of property is this?
Retail property - High-profile, 20-year NNN lease.
Where is the retail property located?
The property is located at 3770 37Th St Orlando, FL.
What is the asking price?
The asking price for this property is $15,600,000.
What are key features of this property?
This property features: 35,029 SF Class A, two-story retail building in Orlando, FL on a 5.86-acre lot with I-4 frontage.; Absolute NNN lease with the nation's second-largest Harley-Davidson franchisee.; 20-year lease (18.2 years remaining) with three options; $780,000 annual rent, 10% increases every five years.
How can I contact the broker?
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3770 37Th St
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