For Sale
$3,319,500

10039 Orange AveOrlando, FL 32824

High-yield QSR investment, strong tenants

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,662 square foot, free-standing retail building housing a Dunkin' and Domino's Pizza in Orlando, Florida. The property boasts a brand new 15-year absolute triple-net (NNN) lease, commencing July 1, 2023, and expiring June 30, 2038, with a remaining term of 13.6 years. The lease includes attractive 8% rent bumps every five years, ensuring consistent income growth. Located at 10039 S Orange Ave, Orlando, FL 32824, this prime location benefits from high traffic counts (49,000 vehicles daily) at the corner of South Orange Avenue and Tradeport Drive. The property is strategically positioned within 15 minutes of Orlando International Airport and enjoys proximity to major attractions like Walt Disney World and other Orlando theme parks. The strong demographics are highlighted by a five-mile radius boasting over 156,476 residents, with projected growth exceeding seven percent in the next five years, and an average household income exceeding $74,000. The property sits on a 1.01-acre lot and was built in 2020. With a 5.00% cap rate and a Net Operating Income (NOI) of $165,973, this is a compelling investment opportunity with significant upside potential. The property's exceptional location, strong tenants, and favorable lease terms make it an ideal addition to any portfolio. The asking price is $3,319,500, representing a price per square foot of $906.47. The property is currently 100% occupied.

Highlights

  • $3,319,500 asking price for a 3,662 SF retail property.
  • Absolute NNN net lease with Dunkin' and Domino's as tenants.
  • 15-year lease commencing July 1, 2023, with 13.6 years remaining.
  • 8% rent bumps every 5 years, plus 4, 5-year lease options.
  • 5.00% cap rate with a $165,973 NOI.
  • Located in Orlando, FL, at 10039 S Orange Ave, a high-traffic area near major roadways and attractions.

Property Details for 10039 Orange Ave

Property type
Retail properties, Restaurants
Square Feet
3,662 SF
Year Built
2020
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.419984
Longitude
-81.3709
10039 Orange Ave, Orlando, Florida

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10039 Orange Ave
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