For Sale
$1,285,000

4702 Colonial DrOrlando, FL 32808

High-traffic, 10-year NNN lease. Excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1,300 square foot storefront property located at 4702 W Colonial Dr, Pine Hills, FL 32808, in Orange County. The property boasts a 10-year NNN lease (commencing July 1, 2022, and expiring June 30, 2032), with 7.6 years remaining, and features two separate income-producing parcels occupied by a well-established auto dealership. The asking price is $1,285,000, offering a compelling 6.30% cap rate and a current Net Operating Income (NOI) of $80,378. The property underwent complete renovations in 2022, including a new roof and HVAC system. The lease includes a beneficial 3% annual rent increase. The landlord is responsible for roof and structure maintenance

Highlights

  • New 10-year NNN lease with 7.6 years remaining.
  • Two separate income-producing parcels occupied by an established auto dealership.
  • Complete renovations in 2022, including new roof and HVAC.
  • Landlord responsible for roof and structure maintenance; tenant responsible for all other items.
  • Well-established auto dealership tenant in the Orlando market.
  • Over half-acre C-3 zoned site with high traffic exposure (43,000+ cars daily).

Property Details for 4702 Colonial Dr

Property type
Retail properties, Retail space
Square Feet
1,300 SF
Year Renovated
2022
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.552457393871
Longitude
-81.441058745825
4702 Colonial Dr, Orlando, Florida

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4702 Colonial Dr
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