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220 Orlando Ave Winter Park, FL 32789

Prime location, 15-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, 5,297 square foot, Class A QSR property located at 220 Orlando Avenue in Winter Park, Florida. The property, built in 2024, sits on a 0.33-acre corner lot in a highly desirable area of Winter Park (zip code 32789), boasting excellent visibility and accessibility. The single-tenant building is 100% occupied by a credit-rated Paradise Grill under a 15-year NNN lease commencing April 20, 2024, and expiring April 29, 2039, with four 5-year renewal options. The lease includes a 2.5% annual rent increase, ensuring consistent income growth. The property benefits from a corporate guarantee, minimizing risk. This core+ investment offers a secure, long-term return in a prime commercial location. The permitted zoning is commercial, and the property features one story and is part of a shopping center and storefront. This is a rare opportunity to acquire a trophy asset in a high-demand market with a strong tenant and a long-term lease. The property's location on Orlando Avenue, between Lee Road and Fairbanks Avenue, is considered a premier location within Winter Park, one of Orlando's wealthiest zip codes. This represents a generational investment opportunity. The annual rent is $276,900.68.

Highlights

  • Brand-new construction, trophy asset with Paradise Grills as tenant.
  • 15-year lease with four 5-year renewal options.
  • NNN lease.
  • Annual rent: $276,900.68, with 2.5% annual increases.
  • Brand-new construction on a corner lot.
  • 0.33-acre lot at the intersection of SR 17/92, between Fairbanks and Lee Rd, offering excellent visibility and accessibility.

Property Details for 220 Orlando Ave

Property type
Lifestyle centers, Power centers
Square Feet
5,297 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
14,375 SF
Units
1

Location Insight

City
Winter Park
County
Orange
State
Florida
Latitude
28.59886685
Longitude
-81.36509454

FAQs

What type of property is this?
Lifestyle center - Prime location, 15-year NNN lease.
Where is the lifestyle center located?
The property is located at 220 Orlando Ave Winter Park, FL.
What are key features of this property?
This property features: Brand-new construction, trophy asset with Paradise Grills as tenant.; 15-year lease with four 5-year renewal options.; NNN lease.
How can I contact the broker?
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220 Orlando Ave
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