For Sale
$3,114,000

12175 Colonial DrWinter Garden, FL 34787

High-yield NNN ground lease restaurant

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity in Winter Garden, Florida, presents a 7,234 square foot Miller's Ale House situated on a 1.22-acre lot at 12175 W Colonial Dr, 34787. This single-tenant, net lease property boasts a strong 6.00% cap rate and a substantial NOI of $186,850, reflecting a robust annual rent of $3,114,000. The property benefits from a corporate guarantee, ensuring financial stability. The lease is structured as a long-term absolute NNN ground lease with built-in rent bumps of 10% every five years, providing consistent income growth. Four, five-year lease options further enhance the investment's longevity. This prime location on West Colonial Drive, near FL-429 and the Florida Turnpike, enjoys high visibility and accessibility, with over 200,000 vehicles passing daily. The affluent Winter Garden community, part of the Orlando metropolitan area, offers an average household income exceeding $108,549 within a three-mile radius, supporting the restaurant's impressive sales exceeding $7 million and a low 2.7% rent-to-sales ratio. This passive ownership opportunity presents a compelling combination of strong financial performance, secure tenancy, and significant long-term growth potential. 100% occupancy ensures immediate cash flow.

Highlights

  • 7,234 SF Miller's Ale House on 1.22-acre lot in Winter Garden, FL.
  • High-traffic location on W Colonial Dr, near FL-429 & Florida Turnpike, with over 200,000 vehicles per day.
  • Absolute NNN ground lease with 10% rent increases every five years and four, five-year options.
  • Strong financial performance: $3,114,000 annual rent, $186,850 NOI, 6.00% cap rate, and over $7 million in tenant sales. Affluent area with average household income exceeding $108,549 within a three-mile radius.

Property Details for 12175 Colonial Dr

Property type
Retail properties, Restaurants
Square Feet
7,234 SF
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Winter Garden
County
Orange
State
Florida
Latitude
28.5519555
Longitude
-81.5612568
12175 Colonial Dr, Winter Garden, Florida

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12175 Colonial Dr
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