For Sale
$7,095,000

6141 Semoran BlvdOrlando, FL 32822

High-performing restaurant, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional investment opportunity presents a fee-simple ownership of a 10,530-square-foot Miller's Ale House in Orlando, Florida. Built in 2004, this single-story building sits on a substantial 3.07-acre lot and boasts 100% occupancy under an absolute NNN lease with significant remaining term. The lease includes 15% rental increases every five years throughout the base term and two five-year renewal options, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $408,013, representing a 5.75% cap rate and a price per square foot of $673.79. This high-performing location benefits from its strategic placement near Orlando International Airport, with over 57 million annual passengers, and enjoys high visibility on Semoran Boulevard, a major traffic artery with over 58,300 vehicles daily. The property's proximity to numerous national retailers, a dense hotel corridor, and major attractions like Universal Studios and Downtown Orlando further enhances its value. Strong demographics, including a daytime population exceeding 216,700 within a five-mile radius and projected growth, solidify this investment's long-term potential. The tenant, Miller's Ale House, is part of Roark Capital, a major private equity firm with over $37 billion in assets, demonstrating financial stability and commitment to growth. This is a rare opportunity to acquire a well-established, high-performing restaurant property in a prime Orlando location.

Property Details for 6141 Semoran Blvd

Property type
Retail properties, Restaurants
Square Feet
10,530 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
133,729 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.473708341423
Longitude
-81.309418727447
6141 Semoran Blvd, Orlando, Florida

FAQs

What type of property is this?
Retail property - High-performing restaurant, absolute NNN lease.
Where is the retail property located?
The property is located at 6141 Semoran Blvd Orlando, FL.
What is the asking price?
The asking price for this property is $7,095,000.
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6141 Semoran Blvd
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