For Sale
$7,250,000

13536 John Young PkwyOrlando, FL 32837

High-traffic, Fee Simple Miller's Ale House

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,416-square-foot Miller's Ale House in Orlando, Florida. Built in 2006, this single-story building sits on a 0.38-acre lot and operates under an absolute NNN lease with a corporate guarantee, offering significant investor protection. The lease features a 6.74% cap rate and a strong NOI of $488,432, with 2% annual rental increases built into the base term and three 5-year renewal options. The property boasts a prime location as an outparcel to The Village at Hunter's Creek, a Class-A shopping center in a densely populated residential area. This high-visibility site benefits from exceptional traffic counts on SR-417 (75,500 vehicles daily) and S John Young Pkwy (63,000 vehicles daily), providing excellent access and exposure. The surrounding area includes numerous nationally recognized tenants, further enhancing the property's desirability. Its proximity to major attractions like Disney World (10 miles) and other theme parks contributes to a robust and growing customer base. The strong demographics, including a daytime population exceeding 255,100 within a 5-mile radius and average household incomes exceeding $107,000 within 1 mile, underscore the long-term potential of this investment. The Orlando metro area's projected population growth further solidifies this property's value. This is a fee simple ownership opportunity with a proven tenant and exceptional location. The asking price is $7,250,000, representing a price per square foot of $696.04.

Highlights

  • 10,416 SF Miller's Ale House built in 2006 on a 0.38-acre lot.
  • Absolute NNN lease with corporate guarantee, 7 years remaining, 2% annual rent increases, and three 5-year renewal options.
  • 6.74% cap rate and $488,432 NOI.
  • Prime outparcel location in The Village at Hunter's Creek, a Class-A shopping center.
  • High visibility corner lot with excellent access and traffic counts (SR-417: 75,500 VPD; S John Young Pkwy: 63,000 VPD).
  • Strong demographics: daytime population exceeding 255,100 within 5 miles, average household income exceeding $107,000 within 1 mile.

Property Details for 13536 John Young Pkwy

Property type
Retail properties, Restaurants
Square Feet
10,416 SF
Year Built
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.368154482482
Longitude
-81.426154133613
13536 John Young Pkwy, Orlando, Florida

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13536 John Young Pkwy
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